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IBM's results lift Dow average to a 5-year high

January 23, 2013

NEW YORK -- Strong earnings from tech giants nudged the stock market to a five-year high Wednesday. Investors drew encouragement from a vote by the House of Representatives to let the government keep paying all of its bills for another four months. The Dow Jones industrial average rose 66.96 points to close at 13,799.17. That's the highest level since Oct. 31, 2007, a month before the Great Recession started.

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