The Dow Jones Industrial Average Monday afternoon was climbing sharply higher, supported by components Boeing Co. and 3M Co. Shares of Boeing Co. and 3M were up more than 2%, adding about 80 points to the price-weighted Dow . A $1 move in any one of the Dow’s 30 components equates to a 6.89-point swing in the average. The Dow was most recently up 365 points, or 1.4%, at 25,672, putting the gauge 3.5%, or about 940 points, shy of its all-time peak hit Jan. 26 at 26.616.71. Stock benchmarks have moved briskly higher since slipping into correction territory on Feb. 8, defined as a drop of at least 10% from a recent top. The S&P 500 index was up 1% at 2,774, about 3.4% shy of its all-time high at 2,872.87, while the Nasdaq Composite Index was 1.3% short of its recent peak at 7,505.77, trading up 0.9% at 7.406 on the day.
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