Partly Cloudy
28°FPartly CloudyFull Forecast

Dow average holds on to 15,000 with a small gain

Published: Wednesday, May 8, 2013 3:17 p.m. CST

NEW YORK – The Dow Jones industrial average held above 15,000 a day after it closed above the landmark level for the first time.

With no major economic releases due out Wednesday, investors focused on company earnings as reporting for the first quarter draws to a close.

Whole Foods and Electronic Arts rose sharply after the companies predicted higher profits. AOL plunged after its profit came up short of what analysts were looking for.

The Dow rose 48 points to 15,105, a gain of 0.3 percent.

Standard & Poor's 500 index rose six points to 1,632, an increase of 0.4 percent. The Nasdaq composite rose 16 points to 3,413, or 0.5 percent.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was average at 3.5 billion shares.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

If you had only one day to live, what would you do with it?
Learn to play the piano
Take up ice sculpting
Learn to speak French
Win over the love of a small town
Other