Summary Box: Dow hits highest mark since '07

AP News
Posted: May 01, 2012 5:23 PM
Summary Box: Dow hits highest mark since '07

FOUR-YEAR HIGH: The Dow Jones industrial average added 65.69 points to 13,279.32. That's its highest closing mark since Dec. 28, 2007, during the first month of the Great Recession.

MAY SURPRISE: Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose.

CHESAPEAKE'S PERKS: Chesapeake Energy Corp. jumped 6 percent after CEO Aubrey McClendon was stripped of his chairman's title. McClendon, Chesapeake's founder, was under fire for taking out more than $1 billion in loans using the company's wells as collateral, among other things.