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Dow Jones industrial average trades at a new high

NEW YORK (AP) - The Dow has never been higher.

The Dow Jones industrial average jumped more than 100 points this morning to reach an all-time high, powered by China's strong economic growth targets and a jump in European retail sales.

Asian markets rose as China pledged to stick to ambitious growth targets for its economy, the world's second largest.

European stocks also jumped because of retail sales in the region rose sharply.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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