Dow Breaks 12,000 for First Time in Two Years

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Posted: 12:50 PM Jan 26, 2011 Dow Breaks 12,000 for First Time in Two Years NEW YORK (AP) The Dow Jones industrial average broke through 12,000 for the first time in two and half years but is trading lower at midday. Email Address: news@newsplex.com

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January 26, 2011

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 five, less than 0.1 percent, to 11,983 at midday Wednesday.

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

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Posted by: Gru Location: Dyke on Jan 26, 2011 at 01:14 PM

Can someone please explain to me, then, WHY I'm paying over $3 a gallon for gas? WHY have I not seen a raise in 4 years? WHY we have slashed our spending to the bone and are STILL barely making ends meet? Prices on basic necessities keep going up -- yet we get so much less, and apparently they think no one has noticed. Coffee? Used to buy a 1-pound bag; now it's 12 ounces. Ditto with bacon -- used to be 16 ounzes, now 12. Have you noticed that your roll of toilet paper takes up less room on the spindle, too? It's narrower. Ice cream -- a rare treat, won't be a treat anymore -- used to be a half gallon -- now a quart and a half! Still paying the half gallon price though! Hope and change. Chump change -- from a chump president!

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