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News Summary: Dow average closes at a record high

The Associated Press

RECORD DAY: The Dow Jones industrial average closed at a record on expectations that the Federal Reserve will keep its economic stimulus program in place. The Fed began a two-day policy meeting Tuesday. The Standard & 500 also closed at a record.

BIG BLUE BOOST: IBM surged, giving the Dow a boost, after the company said it would buy another $15 billion of its own stock.

TO ERR IS HUMAN: The Nasdaq Stock Market was hit with another glitch. Nasdaq indexes weren't updated for more than 40 minutes because of a technical problem that was caused by human error, the exchange operator said. The snafu follows a brief disruption in its price dissemination system in September and a three-hour trading outage in August.