Article: Dow Jones industrial average closes at all-time high of 12,838.(Business News)

Byline: MADLEN READ

NEW YORK (AP) -- The Dow Jones industrial average closed above 12,800 for the first time, signalling Wall Street's recovery from its steep decline in February as investors rewarded companies with strong earnings.

Wednesday was not a standout for the overall market, however. Technology stocks lagged following disappointing earnings from leaders including Yahoo Inc.

The Dow moved as high as 12,838.46 before slipping back slightly to close at 12,803.84, up 30.80, or 0.24 percent. The Dow broke records set on Feb. 20, one week before the average tumbled 416 points in a worldwide selloff.

As only 11 of the 30 stocks in the blue chip index ...

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