Dow Jones breaks 10,000 in 12 months

NEW YORK. October 15. KAZINFORM Wall Street surged Wednesday and Dow Jones Industrial Average briefly climbed above 10,000 for the first time since October 2008, as investors were boosted by surprisingly strong earnings reports from Intel Corp. and JPMorgan Chase & Co; Kazinform refers to China Daily.

JPMorgan Chase, the first major bank to report third-quarter earnings and the second- largest U.S. bank by assets, said profit in the third quarter soared to 3.59 billion U.S. dollars, almost sevenfold and beating analysts' estimates, as fixed- income revenue surged. However, the bank said loan losses are still high and are likely to remain elevated for some time; Kazinform cites China Daily.

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