Dow Jones industrial breaks above 22,000 for first time - Spokane, North Idaho News & Weather KHQ.com

Dow Jones industrial breaks above 22,000 for first time

Posted: Updated:

The latest on developments in financial markets (All times local):
    
9:35 a.m.
    
A big earnings gain from Apple is sending the Dow Jones industrial average above 22,000 points for the first time.
    
Apple soared 6 percent in the first few minutes of trading Wednesday, accounting for all of the Dow's gain. Apple reported another strong quarter and released a strong forecast late Tuesday.
    
Drugmaker Illumina jumped 12 percent after beating its earnings forecasts and issuing a strong outlook.
    
The Dow was up 68 points, or 0.3 percent, to 22,031.
    
The Standard & Poor's 500 index rose 2 points, or 0.2 percent, to 2,478.
    
The Nasdaq composite increased 25 points, or 0.4 percent, to 6,388.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
 

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