BUSINESS

Dow Jones industrial average holds above 15,000 a day after it hit record

05/08/2013 04:15 EDT | Updated 07/08/2013 05:12 EDT
NEW YORK, N.Y. - The Dow Jones industrial average held above 15,000 a day after it closed above the landmark level for the first time.

With no major economic releases due out Wednesday, investors focused on company earnings as reporting for the first quarter draws to a close.

Whole Foods and Electronic Arts rose sharply after the companies predicted higher profits. AOL plunged after its profit came up short of what analysts were looking for.

The Dow rose 48 points to 15,105, a gain of 0.3 per cent.

Standard & Poor's 500 index rose six points to 1,632, an increase of 0.4 per cent. The Nasdaq composite rose 16 points to 3,413, or 0.5 per cent.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was average at 3.5 billion shares.