Dow Jones average is back in record territory
NEW YORK (AP) — Stocks are mostly higher in midday trading on Wall Street, sending the Dow Jones industrial average back into record territory.
The Dow Jones industrial average was up 80 points, or 0.5 percent, to 15,699 points as of noon (1700 GMT) Wednesday. That’s above the Dow’s latest closing high reached on Oct. 29.
The Standard & Poor’s 500 index was up five points, or 0.3 percent, to 1,768. The Nasdaq composite was off seven points, or 0.2 percent, to 3,932.
Several companies rose after reporting higher earnings.
Ralph Lauren rose $6.47, or 4 percent, to $177.53 after its income beat analysts’ expectations. Humana, a health insurer, was up $2, or 2 percent, at $95.88.
The yield on the benchmark 10-year Treasury note fell to 2.64 percent from 2.67 percent.