Dow 10,000 arrives, highest close in a year
Filed under: Technology, Investing, JP Morgan Chase, Intel
Better-than-expected results from a couple of Dow components Wednesday allowed the blue-chip index to surpass the psychologically key 10,000 level for the first time in a year.
The Dow Jones Industrial Average ($INDU) soared 145 points, or 1.5 percent, to close at 10,016, while the broader S&P 500 ($INX) jumped 19 points, or 1.8 percent, to 1,092. The tech-heavy Nasdaq Composite ($COMPX) popped 32 points, or 1.5 percent, to finish at 2,172.
Dow components Intel (INTC) and JPMorgan Chase (JPM) helped set the tone early. Intel offered strong fourth-quarter guidance, while JPMorgan exceeded Street estimates by a wide margin. Intel added 1.7 percent on the session and JPMorgan rose 3.3 percent.
For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.
The Dow Jones Industrial Average ($INDU) soared 145 points, or 1.5 percent, to close at 10,016, while the broader S&P 500 ($INX) jumped 19 points, or 1.8 percent, to 1,092. The tech-heavy Nasdaq Composite ($COMPX) popped 32 points, or 1.5 percent, to finish at 2,172.
Dow components Intel (INTC) and JPMorgan Chase (JPM) helped set the tone early. Intel offered strong fourth-quarter guidance, while JPMorgan exceeded Street estimates by a wide margin. Intel added 1.7 percent on the session and JPMorgan rose 3.3 percent.
For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.
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