Over 100 cos. hit new highs, helped by Dow surge

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NEW YORK (AP) — More than 100 companies ranging from retailers to Internet giants, food makers and industrial companies rose to annual, multiyear or all-time highs Tuesday as the Dow Jones surged to its own record peak, giving a needed boost to investment portfolios and retirement funds that took big hits during the Great Recession.

While the swell of optimism surrounding the Dow Jones industrial average helped shares of about a quarter of the companies listed on the Standard & Poor’s 500 index cruise to new levels, many of the day’s records were set with relatively small share price increases that followed several days or weeks of steady gains.

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