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Dow closes above 26000 for first time in its 121-year history

Dow closes above 26000 for first time in its 121-year history

Dow closes above 26000 for first time in its 121-year history

The Dow Jones Industrial Average rose as much as 265 points, but closed off 10.33 points, or less than 0.1%, to 25,792.

In data news, US industrial production more than doubled the consensus forecast for December, raising confidence in the domestic economy. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for.

Markets rise: Where to invest your money. (GS) on Wednesday reported a loss for the fourth quarter, reflecting lower trading revenue in fixed income, currencies and commodities as well as a charge related to the recent U.S. tax reform.

Before shedding all of the day's gains, the Dow briefly reached an all-time high of 26,086.12 on Tuesday.

Investors have been encouraged by strong global growth, rising company earnings and the prospects for further corporate profits thanks to the tax overhaul signed into law last month, which cut the top tax rate for corporations from 35 percent to 21 percent. Hong Kong's Hang Seng rebounded from earlier losses to gain 0.3 percent, closing at 31,983.41 while the Shanghai Composite index added 0.2 percent to 3,444.67.44.

Bitcoin futures on the Cboe Futures Exchange fell 2.6 percent to $10,820. Of the S&P 500 companies that had reported as of last week, 69 percent have surpassed earnings-per-share estimates while 85 percent have beaten expectations. Its share price rose +2.37%. Caterpillar is up 7 percent in that time.

General Electric fell 2.9 percent after raising the prospect of breaking itself up and announcing more than $11 billion in charges from its long-term care insurance portfolio and new US tax laws.

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U and real estate.SPLRCR dipped 0.6 percent and 1.0 percent, respectively.

Financials increased 0.9% after earlier declines as gains in insurers helped counter banks that declined after earnings reports.

The Japanese yen was flat at 110.54 per dollar, the first retreat in more than a week.

Viacom fell 5.4 percent after sources told Reuters CBS Corp and the company were not in active merger discussions.

Benchmark West Texas Intermediate crude fell more than a dollar in NY to settle at US$63.73 per barrel.

The MSCI Emerging Market Index jumped 0.6 percent to a record.

The euro slipped to $1.2232 from $1.2181.

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