Dow Jones average is back in record territory

11/6/2013
ASSOCIATED PRESS
  • Wall-Street-418

    Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Wednesday Nov. 6, 2013. Stocks rose in early trading Wednesday, sending major indexes back to record highs, as traders anticipated that the Federal Reserve will keep up its stimulus program for some time. (AP Photo/Richard Drew)

    ASSOCIATED PRESS

    • NEW YORK  — Stocks are mostly higher in midday trading on Wall Street, sending the Dow Jones industrial average back into record territory.

    The Dow Jones industrial average was up 80 points, or 0.5 percent, to 15,699 points as of noon Eastern time today. That’s above the Dow’s latest closing high reached on Oct. 29.

    The Standard & Poor’s 500 index was up five points, or 0.3 percent, to 1,768. The Nasdaq composite was off seven points, or 0.2 percent, to 3,932.

    Several companies rose after reporting higher earnings.

    Ralph Lauren rose $6.47, or 4 percent, to $177.53 after its income beat analysts’ expectations. Humana, a health insurer, was up $2, or 2 percent, at $95.88.

    The yield on the benchmark 10-year Treasury note fell to 2.64 percent from 2.67 percent.