Dow Breaks 12,000 Mark

By Dallas Business Journal

The Dow Jones industrial average crossed over the 12,000 mark on Wednesday â¿¿ a development that does not ensure a full recovery is underway, but a definite mood lifter for investors nevertheless.

Dallas stocks reaped the benefits Wednesday morning, with AMR Corp., Belo, Fluor Corp., Celanese and Pier 1 Imports all trading higher midday.

The Dow reached 12,020.52 early in Wednesdayâ¿¿s session, up 37 points, or 0.3 percent, before slipping back under 12,000 and then rebounding to 12,004 by early afternoon. The last time it was at that level was in June 2008.

The NASDAQ added 13.84 points, or 0.51 percent, to 2,733.09, while the S&P 500 added 3.34 points, or 0.26 percent to 1,294.52 by mid-morning.

Dallas Stocks - Mid-afternoon

AMR Corp. (NYSE: AMR) - up 2.22 percent, trading at $7.37 per share, compared to $7.21 the previous day.

Belo Corp. (NYSE: BLC) - up 2.95 percent, trading at $6.99, compared to $6.79 the previous day.

Fluor Corp. (NYSE: FLR) - up 1.87 percent, trading at $71.76, compared to $70.44 the previous day.

Celanese (NYSE: CE) - up 2.29 percent, trading at $41.37 per share, compared to $40.44 the previous day.

Pier 1 Imports (NYSE: PIR) - up 3.34 percent, trading at $9.89 per share, compared to $9.57 the previous day.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/dallas/news/2011/01/26/dow-breaks-12000-mark.html?ana=thestreet

Copyright bizjournals.com 2010

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