Dow rises above 12,000 but edges lower at midday
Wednesday, January 26, 2022 11:53 AM

Related Stories



(Source: Associated Press/AP Online)By CHIP CUTTER

NEW YORK - The Dow Jones industrial average broke through 12,000 for the first time in two and half years but is trading lower at midday.

Investors were encouraged by President Barack Obama's call to overhaul taxes on businesses and a jump in home sales in December.

Obama said in his State of the Union address late Tuesday that he wanted to close corporate tax loopholes and use the additional revenue to lower tax rates on businesses for the first time in 25 years.

The Dow Jones industrial average was up 5, less than 0.1 percent, to 11,983 at midday Wednesday.

The Standard & Poor's 500 index rose 5, or 0.4 percent, to 1,296. The Nasdaq composite index rose 16, or 0.6 percent, to 2,734.

A service of YellowBrix, Inc.

 

Sponsors

Symbol :

Advertisement

Market news:

  • Celtics beat Lakers 109-96 in NBA finals rematch Jan 30, 2022 11:03 PM

    • LOS ANGELES - Paul Pierce says the Boston Celtics had no reason to discuss their heartbreaking loss in Game 7 of the NBA finals last summer before they returned to Staples Center on Sunday.
    • With a spectacularly fluid performance on offense against the outclassed Lakers, Pierce and the Celtics showed some things just don't need to be said out loud.
    • Pierce scored 32 points, Kevin Garnett had 18 points and 13 rebounds with a large bandage over a five-stitch cut on his head, and the Celtics overcame Kobe Bryant's 41 points in a 109-96 victory over Los Angeles.
      • 'King's Speech,' Firth, Portman win SAG prizes Jan 30, 2022 10:08 PM

        • LOS ANGELES - "The King's Speech" has won the best-actor trophy for Colin Firth and a second honor for its overall cast at the Screen Actors Guild Awards.
        • The two prizes Sunday capped a weeklong surge of Hollywood honors for the British monarchy saga, which is building momentum for the Feb. 27 Academy Awards, where the Facebook drama "The Social Network" previously had looked like the favorite.
        • Natalie Portman earned the best-actress award at the Screen Actors ceremony for "Black Swan," while "The Fighter" co-stars Christian Bale and Melissa Leo swept the supporting-acting honors, boosting their own prospects come Oscar night.
          • Firth, Portman, Bale, Leo win Screen Actors prizes Jan 30, 2022 10:03 PM

            • LOS ANGELES - "The King's Speech" star Colin Firth and "Black Swan" star Natalie Portman have won lead-performer honors at the Screen Actors Guild Awards, securing their front-runner status for the Academy Awards.
            • "The Fighter" co-stars Christian Bale and Melissa Leo took the supporting-acting honors Sunday, boosting their own prospects come Oscar night Feb. 27.
            • "The King's Speech" capped a weeklong surge of Hollywood honors, which included an upset win at Saturday's Directors Guild of America Awards for Tom Hooper, who beat favorite David Fincher ("The Social Network").
              • Portman, Bale, Leo win Screen Actors Guild prizes Jan 30, 2022 09:57 PM

                • LOS ANGELES - Natalie Portman has won the best-actress honor at the Screen Actors Guild Awards for her role as a ballerina losing her hold on reality in "Black Swan."
                • "The Fighter" swept the supporting honors Sunday for Christian Bale as an ex-fighter whose career unraveled amid drugs and crime and Melissa Leo as the domineering matriarch of a boxing family.
                • The wins lift Portman, Bale and Leo's prospects at the Feb. 27 Academy Awards.
                  • Bale, Leo win SAG supporting prizes for `Fighter' Jan 30, 2022 09:53 PM

                    • LOS ANGELES - "The Fighter" co-stars Christian Bale and Melissa Leo have swept the supporting-acting honors at the Screen Actors Guild Awards for their roles in the boxing drama.
                    • The wins Sunday lift their prospects at the Feb. 27 Academy Awards, Bale as an ex-fighter whose career unraveled amid drugs and crime, Leo as the domineering matriarch of a boxing family.
                    • Alec Baldwin won his fifth-straight prize as TV comedy actor for "30 Rock," while 89-year-old Betty White was picked as best TV comedy actress for "Hot in Cleveland."

                      More news


Advertisement

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
XXXXXXXXXX NFLX$0.71
ABN SkateNFC AMZN$0.88
XXXXXXXXXX AKAM$0.28
XXXXXXXXXX LVS$0.38
ASAS BAC$0.19
danPersonal BAC$0.19
samXXXXX JCI$0.54
brobbrinc INTC$0.53
brobbrinc RIMM$1.64
XXXXXXXXXX CWEI$1.27