The Dow Jones Industrial Average rose to a record high, as stocks rallied on a sudden fall in the commodity market, the two months decrease in oil price accelerated and improved the outlook for the consumer spending on Tuesday, as oil prices fell sharply, but the broader stock-market remained well below their peaks of the high-technology boom. Oil prices fell below $59 a barrel, the lowest level since February, reducing worries about inflation. Crude oil for November delivery fell 3.9 percent to $58.68 a barrel in New York, the lowest close since Feb. 16. It was the biggest one-day decline since Aug. 17, 2005. Lower energy costs give consumers more money to spend, benefiting retailers. With a record several times in recent days, the blue-chip stock index finally broke above the previous high set more than six years ago, Wal-Mart Stores Inc., the world's largest retailer and Boeing Co., the world's second-biggest maker of commercial aircraft; and United Technologies Corp., the maker of Otis elevators and Carrier air conditioners, led the Dow to a close of 11,727.34. The Dow climbed 56.99, or 0.5 percent, in exceeding its peak of 11,722.98 on Jan. 14, 2000. Since the last bear market ended four years ago, the Dow has risen 61 percent, the record followed the best third quarter since 1995 for the average, which includes many of the biggest U.S. companies by market value, as the Federal Reserve stopped raising interest rates. The Standard & Poor's 500 Index added 2.79, or 0.2%, to 1334.11. The NASDAQ Composite Index was up 6.05, or 0.3%, at 2243.65. I feel this is a good sign for the US economy too , as the slowdown seems even far away with such good results in the market .