Dow sets another fresh record high

<p>There was a new record high for the Dow on Tuesday.</p>

The Dow Jones index has continued to perform strongly in 2013 and on Tuesday (March 12th) it set a new record high.

But its industrial average closed up just 2.77 points, or 0.02 per cent, at 14,450.06, which could indicate recent gains are coming towards an end.

On Monday, it had been up 50.22 points at the end of the day's trading, or 0.35 per cent, to close at 14,447.29.

Reuters reports that one of the reasons for the slowdown in the growth of the index is the lack of fresh economic data.

"You have a little bit of buyers' exhaustion at this juncture," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

He explained there has been a "move that has been startlingly smooth in terms of progression of advances" in recent weeks, but this was never going to be able to last forever.

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