Dow falls short of hitting 13,000 mark | The Honolulu Advertiser

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Dow falls short of hitting 13,000 mark | The Honolulu Advertiser | Hawaii's Newspaper

Updated at 12:59 p.m., Monday, April 23, 2007

Dow falls short of hitting 13,000 mark

Associated Press

Wall Street pulled back Monday after the Dow Jones industrials came within 17 points of hitting the 13,000 mark. Rising oil prices put a damper on investor enthusiasm for strong earnings reports and a fresh round of takeover activity. The blue chip index hit a new trading high of 12,983.92 after British bank Barclays PLC said it will acquire Dutch bank ABN Amro NV for $91.16 billion, and British drugmaker AstraZeneca PLC said it will buy U.S. drugmaker MedImmune Inc. for $15.6 billion.

The Dow Jones industrials fell 42.58, or 0.33 percent, to 12,919.40.

The Standard & Poor's 500 index fell 3.42, or 0.23 percent, to 1,480.93.

The Nasdaq composite index fell 2.72, or 0.11 percent, to 2,523.67.

For the year:

The Dow is up 456.25, or 3.66 percent.

The S&P is up 62.63, or 4.42 percent.

The Nasdaq is up 108.38, or 4.49 percent.

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