Finance

Stock indexes hit milestones before slipping back

NEW YORK (AP) — U.S. stock market indexes are hitting major round-number milestones.

The Dow Jones industrial average crossed 16,000 for the first time early Monday. The Standard & Poor's 500 rose past 1,800, then dipped slightly. At midday, the Dow was up 40 points, or 0.3 percent, at 16,002. The S&P 500 index was up a point at 1,799. Both are at record highs.

The Nasdaq composite edged down two points, or 0.1 percent, to 3,983. The Nasdaq is still well below its record high of 5,048 reached in March 2000. Stocks have risen sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its economic stimulus program.

Boeing rose the most in the Dow after booking $100 billion in orders at the Dubai Airshow.

Related Headlines

  • Glenn Carell

    Stocks slip; US growth raises fear of Fed pullback

    Stocks are pulling back from record levels as investors bet that faster growth in the U.S. would increase the likelihood that the Federal Reserve will curtail its economic ... 

  • Stocks are mixed in early trading on Wall Street

    Stocks are getting off to a mixed start on Wall Street as investors asses a pickup in hiring last month at U.S. companies and a handful of corporate earnings. The Standard & ... 

  • Futures edge higher in very light trading

    Stock futures are edging higher in light trading, adding to last week's late rally on strong U.S. jobs numbers from November. It was the final monthly jobs report of the year, ... 

  • Futures mixed ahead of next Fed meeting

    U.S. stock futures were mixed Wednesday as investors continue to take profits toward the end of the year. Dow Jones industrial futures rose 13 points to 15,991 on Wednesday. 

Find the best rates

Find your future job here