2011/01/24

Afternoon: Dow another two and a half years high

The Dow rose to its highest at 11,968.30 points, hitting a 2-year and a half high.
Alcoa (AA) to a 4.2% gain in the Dow's biggest gainers. Dow 30 stocks Intel (INTC) rose 1.7%, the chip maker announced a 15% dividend increase and stock repurchase plan approved by the size of its increase of 100 billion U.S. dollars. United Technologies Corp. (UTX) up 1.2%, the company will report earnings after the bell on Monday. American Express (AXP) will report earnings after the bell today, and its shares fell 0.4%.
Dow component, fast-food giant McDonald's (MCD) rose 0.3%. The company announced fourth-quarter net profit rose 2.1%, in line with market expectations. But investors at the end of this company same-store sales growth was slowing down. McDonald's December same-store sales increase of 2.6%, only about half of the increase in the previous two months.
Some investors believe the market rally on Monday, investors may be due to recent stock market declines are not much comfort.