Around the World's Markets: New York
THE DOW Jones stormed into record territory once again as gains by blue-chip stocks drove the 30-stock average ahead of the rest of the US stock market.
The Dow was up 57 points, or half a percentage point, at 10,778 at midday. But technology stocks were lower as a nervous market awaited the publication of America Online's earnings report. A trader said: "It's good to see that the movement into cyclical stocks a week ago was not just a short- term blip."
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies