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Dow hits 14,000 milestone

July 17, 2007

The Dow Jones Industrial Average touched 14,000 for the first time ever thanks in part to a strong start to the earnings season. Better-than-expected quarterly profits from the likes of Coca-Cola, Johnson & Johnson, and Merrill Lynch, along with signs of tame inflation served as supports for the modest rally.Speaker: Fred Dickson, chief market strategist, D. A. Davidson.Conway G. Gittens reports from New York.