Photo taken on April 25, 2007 shows the
New York Stock Exchange in New York. U.S. stocks opened higher on
Wednesday, with the Dow Jones Industrial Average rising above 13,000 for
the first time on strong corporate earnings. (Xinhua/Hou
Jun) Photo
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NEW YORK, April 25 (Xinhua) -- U.S. stocks traded
higher on Wednesday, with the Dow Jones Industrial Average rising above 13,000
for the first time, on strong gain in core capital goods orders.
In the midday trading, the Dow Jones Industrial
Average was up 62.49, to 13,016.43. The Standard & Poor's 500 index gained
7.48 to 1,487.89, and the Nasdaq composite index added 10.84 to 2,535.38.
New orders for non-defense capital goods excluding
aircraft, a closely watched guide to business investment plans, jumped 4.7
percent in March, the best showing since a 7.9 percent rise in September 2004.
That was compared to a drop of 2.3 percent in February, the Commerce Department
reported on Wednesday.
The strong gain in core capital goods orders should
alleviate fears that business investment was on the cusp of spiraling downwards
and contributing to a sharp near term slowdown in business investment and real
GDP growth, said Global Insight U.S. Economist Brian Bethune.
BEIJING, April 2 -- United States stocks fell last week, sending the Dow Jones
Industrial Average to its first quarterly loss in almost two years, after
Federal Reserve Chairman Ben S. Bernanke said inflation remains his main concern
even as evidence mounts that the economy is slowing. Full story
BEIJING, March 14
(Xinhuanet) -- Asian stocks took a nosedive Wednesday after The New York Stock
Exchange saw its second-largest point drop in four years. Full story
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