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| Version 1 | Version 2 |
|---|---|
| Dow Jones closes at record high | Dow Jones closes at record high |
| (about 4 hours later) | |
| The Dow Jones Industrial Average index closed at a record high after strong earnings and investor confidence that interest rates are stable. | The Dow Jones Industrial Average index closed at a record high after strong earnings and investor confidence that interest rates are stable. |
| The Dow closed 51.99 points up at 12,673.68, after earlier hitting a new intra-day record of 12,682.57. | The Dow closed 51.99 points up at 12,673.68, after earlier hitting a new intra-day record of 12,682.57. |
| Exxon Mobil shares rose 1.3% as annual profits hit $39.5bn (£20bn). | |
| Mild consumer price rises, and the Federal Reserve's decision to keep interest rates on hold a day earlier signalled that inflation was in check. | Mild consumer price rises, and the Federal Reserve's decision to keep interest rates on hold a day earlier signalled that inflation was in check. |
| While there have been fears in recent months about a slowdown in manufacturing as well as a shrinking housing market, Federal Reserve comments on Thursday pointed to a solid economy. | While there have been fears in recent months about a slowdown in manufacturing as well as a shrinking housing market, Federal Reserve comments on Thursday pointed to a solid economy. |
| Figures showing the economy grew 3.5% in the final three months of 2006 - faster than forecast - helped to reassure investors. | Figures showing the economy grew 3.5% in the final three months of 2006 - faster than forecast - helped to reassure investors. |
| Mike Binger, portfolio manager for Thrivent Financial said: "Interest rates are in check, the economy is doing well, inflation seems under control and earnings look good." | Mike Binger, portfolio manager for Thrivent Financial said: "Interest rates are in check, the economy is doing well, inflation seems under control and earnings look good." |
| As well as Exxon, other climbers were Dupont, which added 2.06%, while Boeing rose 1.66% and Alcoa rose 1.55%. | As well as Exxon, other climbers were Dupont, which added 2.06%, while Boeing rose 1.66% and Alcoa rose 1.55%. |