Strong earnings, surge in oil power Dow to record high

The Dow touched a record intraday high on Thursday afternoon as strong results from department store chains and a surge in oil prices buoyed investor sentiment about economic growth. Oil prices jumped 5 percent on comments from the Saudi oil minister about possible action to stabilize prices and the International Energy Agency's forecast that crude markets would rebalance in the next few months. Strong earnings from Macy's and Kohl's kicked off the two-day department store chains' earnings on an