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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/dow-slips-back-below-12000-mark.jpg"><img class="alignnone size-full" title="The Dow Jones industrial average rose 8.25 points to close at 11,985.4" src="http://londonglossy.com/wp-content/uploads/2011/01/min-dow-slips-back-below-12000-mark.jpg" alt="The Dow Jones industrial average rose 8.25 points to close at 11,985.4"/></a></p>
<p>The Dow Jones industrial average broke through 12,000 for the first time in two and a half years but slipped lower in afternoon trading. </p>
<p>The index of 30 prominent US companies finished with a modest gain.</p>
<p>Weak profit forecasts from Boeing and Xerox weighed on the market. Boeing fell 3% after saying its 2011 profits would be hurt by production delays. Xerox fell 8% after saying its profit margins were not increasing.</p>
<p>The Dow gained 8.25 points, or 0.1%, to close at 11,985.4. The last time the Dow closed above 12,000 was on June 19 2008. The Standard and Poor&#8217;s 500 index rose 5.45, or 0.4%, to 1,296.63. The Nasdaq composite index jumped 20.25, or 0.7%, to 2,739.50.</p>
<p>Energy and materials companies gained more than 2%, the most among the 10 company groups that make up the S&#038;P 500 index.</p>
<p>Investors were pleased with President Barack Obama&#8217;s calls for lower tax rates on businesses during the State of the Union address late on Tuesday, said Jack Ablin, chief investment officer at Harris Private Bank. &#8220;If he can take steps to simplify the tax codes, be it for individuals or corporations, I think it would be a lot easier to do business,&#8221; Mr Ablin said.</p>
<p>The Federal Reserve said it was not making any changes to its 600 billion dollar bond-buying programme. The plan is meant to encourage borrowing by keeping interest rates low.</p>
<p>The Commerce Department said new home purchases rose 17.5% in December compared with November. Despite the strong one-month jump, new home sales for all of 2010 fell to the lowest level on records going back 47 years.</p>
<p>Eastman Kodak fell 18%. The company&#8217;s income fell 95% on weaker revenue from its camera business and lower royalties from digital imaging.</p>
<p>The yield on the 10-year Treasury note rose to 3.41% from 3.34%. Two stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.2 billion shares.</p>
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