The Dow Jones Industrial Average closes above 14,000 points for the first time in history, partly as a result of a good earnings report from IBM.
The Dow Jones Industrial Average stock index closed above 14,000 points for the first time ever as bullish investors cheered a flurry of generally up-beat corporate earnings reports.
- AFP via ABC News Australia (Image)
- American computer company IBM announces plans to acquire American software company Red Hat for US$34 billion.
- The 10-megawatt IBM Summit supercomputer is unveiled at Oak Ridge National Laboratory, East Tennessee. With a reported 200 petaflops of processing power, it is expected to top the list of the world's most powerful computers after this June's update is presented at the International Supercomputing Conference.
- The Wall Street stock market sheds 4.6% of its value, with the Dow Jones Industrial Average dropping a record 1,175 points at close. At one point during the day, the benchmark index loses a record 1,579 points.
- The Dow Jones Industrial Average reaches 26,000 points for the first time, after surpassing the 25,000-mark on January 4.
- The Dow Jones Industrial Average rises above 21,000 points, reaching an all-time high.