Dow inches toward 20,000

New York Stock Exchange
FILE - This Oct. 4, 2014, file photo, shows the facade of the New York Stock Exchange. Global markets meandered Thursday, Dec. 24, 2015, despite earlier gains in Asia and as the surge in oil prices faded in light Christmas Eve trading. (AP Photo/Richard Drew, File)

TOKYO (AP) – It’s been a quiet trading in Asia on Wednesday mirroring Tuesday’s trading on Wall Street as the Dow Jones industrial average inched closer to 20,000.

The Dow gained 11 points, or 0.1 percent, to 19,945. The Standard & Poor’s 500 index gained 5 points, or 0.2 percent, to 2,268. The Nasdaq composite climbed 24 points, or 0.5 percent, to 5,487.

The three major U.S. indexes have posted solid gains in 2016, led by the Dow, which is up 14.5 percent. The S&P 500 is on track for an 11 percent gain, while the Nasdaq is headed for a 9.6 percent gain. Small-company stocks are up even more. The Russell 2000 is up 21 percent so far this year. Japan’s Nikkei 225 is just below where it began the year.

In energy markets, benchmark U.S. crude slipped in electronic trading on the New York Mercantile Exchange Wednesday. It rose 88 cents to close at $53.90 a barrel in New York on Tuesday. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s