Dow crosses 16,000 at midday

NEW YORK — U.S. stock market indexes are hitting major round-number milestones.

The Dow Jones industrial average crossed 16,000 for the first time early Monday. The Standard &Poor’s 500 rose past 1,800, then dipped slightly.

At midday, the Dow was up 40 points, or 0.3 percent, at 16,002. The S&P 500 index was up a point at 1,799. Both are at record highs.

The Nasdaq composite edged down two points, or 0.1 percent, to 3,983. The Nasdaq is still well below its record high of 5,048 reached in March 2000.

Stocks have risen sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its economic stimulus program.

Boeing rose the most in the Dow after booking $100 billion in orders at the Dubai Airshow. At midday, Boeing was up $2.53, or 1.86 percent, to $138.61 a share.

More in Herald Business Journal

Snohomish inventor makes changing beds magical

He hopes to make his big push in the hotel industry, where injuries to housekeepers are increasing.

Happy accident leads Edmonds couple to make Hunniwater drink

The latest line of energy drinks by Karin and Eric… Continue reading

Single payer is no panacea for our costly health care system

We must address the cost of health care before designing an insurance system.

Voters are on the sidelines as the port fills a vacant seat

Troy McClelland resigned from the Port of Everett commission too late for an election before 2019.

Career Fair planned next week at Tulalip Resort Casino

The Snohomish County Career Fair is planned from 10 a.m. to 2… Continue reading

American Farmland Trust president to speak in Mount Vernon

American Farmland Trust President John Piotti plans to give a talk about… Continue reading

In new setback, Uber to lose license to work in London

The company, beset by litany of scandals, was told it was not “fit and proper” to keep operating there.

Not home? Walmart wants to walk in and stock your fridge

The retailer is trying out the service with tech-savvy shoppers who have internet-connected locks.

Trade panel: Cheap imports hurt US solar industry

The ruling raises the possibility of tariffs that could double the price of solar panels.

Most Read