A New High - Again

The Dow ended 9.36 points up today, setting a new record high. The excitement and newness of record highs have slowly eased, as it has become an almost regular occurance lately. Today, oil prices dropped and interest rates rose, making equity trading relatively slow. But stocks managed to jump that little bit into uncharted territory in the last hour of trading. Texas Pacific Group revealed the decision to buy a 60% portion of French TV and cellphone broadcasting. And Sprint Nextel announced the retirement of Chairman Tom Donahue at the end of the year. This makes the second higher-up to leave the company this year. Meanwhile, most eyes are turned to North Korea. What will their Elvis-loving ruler do next? DJIA: +9.36 Nasdaq: +3.66 S&P 500: +2.76