Midday Dow at 12,207, down 6 points.
NEW YORK (AP) — Stocks are trading mixed as crude oil prices
trade near two-year highs.
Wednesday marks the two-year anniversary of the stock market’s
recent rally. Stocks hit 12-year lows on March 9, 2009, dragged
down by the financial crisis. The S&P 500 index has nearly
doubled since then.
IBM Corp. jumped 5 percent after analysts at Deutsche Bank and
other brokerages raised their forecasts for the company’s stock
price. IBM’s gains led the Dow Jones industrial average to a small
gain.
The Dow Jones industrial average of 30 large U.S. companies rose 22
points, or 0.2 percent, to 12,237.
Broader indexes were lower. The Standard & Poor’s 500 index dropped
less than a point to 1,321. The Nasdaq lost 9, or 0.3 percent, at
2,756.
