Dow briefly crosses 12,000 mark on strong home sales

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The blue chip index briefly exceeded the 12,000 mark on Wednesday as strong home sales and the Fed’s decision to keep rates steady triggered a stock buying spree from investors. Dow briefly crosses 12,000 mark on strong home sales Around 10:15 a.m., the Dow Jones Industrial Average hit 12,020, 43 points or 0.4 percent up, a level reached on June 20, 2008. The Dow eventually closed 8 points or 0.1 percent to 11,985, the highest since June 19, 2008. The Standard & Poor’s 500 Index was up 5 points or 0.4 percent closing at 1,296. The Nasdaq rose 20 points or 0.7 percent to close at 2,740. Oil for March delivery rose $1.14 or 1.3 percent to settle at $87.33 a barrel. Gold futures for February delivery rose 70 cents to settle at $1,330 an ounce. Article