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Business Politics

DOW HITS 22,000 FOR THE FIRST TIME EVER

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The Dow Jones industrial average notched another milestone on Wednesday, breaking above 22,000 for the first time.

The 30-stock index climbed about 43 points at the open, receiving a boost from Apple’s stock, which surged nearly 6 percent in the premarket after posting quarterly results that blew expectations out of the water.

The company reported earnings per share of $1.67 on revenue of $45.4 billion. Analysts polled by Reuters expected earnings per share of $1.57 on revenue of $44.89 billion.

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