Go Finance Reporting NEW YORK - The Dow Jones closed up 4.39 points, or slim 0.04 percent to 11,989.83 in connection with the discharge level of home sales data showed an increase. But the increase also occurs in jobless claims. Attraction between the positive data and negative data apparently still ongoing.
On average, the Dow Jones industrial index traded above 12,000 throughout the day but failed to close above that level. Dow did not close above 12,000 since June 19, 2008, as the financial crisis worsened.
Procter & Gamble Co., maker of consumer products such as detergents has decreased 2.9 percent, the biggest decline among the 30 companies that make the Dow Jones average rose. P & G said that commodity prices will trim profits.
AT & T Inc. fell 2 percent after saying that the new wireless contracts fell to their lowest level in five years. Caterpillar Inc. rose 0.9 percent after fourth-quarter profit quadrupled due to high demand for mining and construction equipment.
As quoted from the AP on Thursday (01/27/2011) local time, the S & P 500 rose 2.91 points, or 0.2 percent, to 1299.54. The last time the index closed above 1300 is August 28, 2008.
The Dow rose 4.39 points, or 0.1 percent, to 11989.83. At this time trading the index broke through 12,000 Wednesday for the first time since June 2008 but slipped in the afternoon. Dow Jones has gained 18.5 percent last year.
While the Nasdaq composite index rose 15.78, or 0.6 percent, to 2755.28. (GoFinance)
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