Dow Jones Industrial Average hits new record high of 16,000 during trading

NEW YORK - The Dow Jones industrial average hit another milestone on Monday -- surpassing the 16,000 mark during trading.

Standard & Poor's 500 hit 1,800.

It was another milestone in the market's epic ascent in 2013. The Dow hit 15,000 just six months ago, in May.

The Dow has recovered its losses from the financial crisis.

The Associated Press reported that this week will be loaded with new data on the housing market and minutes from the Federal Open Market Committee. The National Association of Home Builders releases its monthly survey Monday. That is followed by government reports on new construction and existing home sales Tuesday and Wednesday.  Home-improvement retailers Lowe's and Home Depot also report quarterly results this week. On Wednesday, the U.S. Federal Reserve releases minutes from the October meeting of the Federal Open Market Committee.

The Dow Jones is a stock market index that tracks 30 stocks including Home Depot, General Electric, Exxon, Chevron, Johnson & Johnson, Goldman Sachs, Caterpillar, Boeing, AT&T, 3M, McDonald's and JP Morgan Chase.

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