Dow tops 20 000 as Goldman Boeing IBM drive rally
The Dow Jones Industrial Average reaches 20 000 helped by Goldman Sachs Boeing and IBM gains as investors bet on strong profits from financial and industrial firms amid expected deregulation and growth. Analysts note price weighting affects moves more than market value like the S P 500. Transportation and small cap stocks outpace Dow gains. Bonds fall as growth expectations rise. International markets trail U S gains with Europe and Japan posting smaller increases.
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VW diesel owners track buyback delays in emissions settlement
VW buyers complain the carmaker is slow to buy back cheating diesels under the 10 billion settlement. Owners report repeated document requests and long waits despite complete filings. Lawyers cite overwhelming demand while a judge noted hundreds of thousands have filed claims.
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