Dow, S&P, Russell 2000 set new records again
Wall Street's "Santa Claus" rally kept delivering gifts a day after Christmas.
The Dow Jones industrial average, Standard & Poor's 500 index and the Russell 2000 index of small-company stocks closed at all-time highs yesterday.
The modest pickup in stocks, which gave the Dow its seventh consecutive gain, came on a day of relatively light trading after the holiday break.
The Dow gained 23.50 points to close at 18,053.71. That's up 0.1 percent from its previous record high Wednesday. The Standard & Poor's 500 index added 6.89 points, or 0.3 percent, to 2,088.77. That's up 0.3 percent from the S&P 500's most-recent all-time high recorded Tuesday. The Nasdaq composite rose 33.39 points, or 0.7 percent, to 4,806.86.
Holiday deliveries improve
After FedEx and UPS failed to deliver some presents in time for Christmas last year, the two package carriers improved their performance this holiday season.
FedEx delivered more than 99 percent of express packages as promised on Dec. 22 and Dec. 23, according to shipment tracker ShipMatrix. UPS delivered 99 percent of express packages as promised on those days.
Last year, the percentage of express packages delivered on time those days was in the "low 90s," said Mark D'Amico, a spokesman for ShipMatrix.
Missouri sees below $2 average gas
Missouri became the first state yesterday to have an average statewide gas price fall below $2 per gallon since 2009, while Oklahoma's average was expected to drop below that threshold sometime over the weekend, according to AAA.
The national average gas price was at $2.32 per gallon yesterday, which AAA spokesman Michael Green said was the lowest since May 2009. That average has dropped for 92 days in a row, he said, which is the longest streak since AAA started keeping daily records in January 2000.
Gas prices have fallen every day since Sept. 25, for a total of $1.02 per gallon, Green said.
Big fries back on Japan McDonald's menu
Big fries are going back on the menu in Japan.
McDonald's Japan said yesterday it will resume serving all portion sizes of fries Jan. 5 after resolving shortages due to labor disruptions on the U.S. West Coast. The fast-food giant began limiting customers to orders of small fries earlier this month.
The company said in a notice on its website that its fry inventory had improved thanks to air shipments and extra sea shipments from the U.S. East Coast. It apologized and said it would try to avoid further shortfalls at its 3,100 outlets in Japan.
L Waltham-based ImmunoGen Inc., a biotechnology company that develops targeted anticancer therapies, announced the appointment of Richard J. Gregory, Ph.D., as executive vice president, research and chief scientific officer effective Jan. 5, at which time current CSO, John Lambert, Ph.D., will assume the position of executive vice president, distinguished research fellow. Gregory most recently served as senior vice president and head of research for the Sanofi Genzyme Research & Development Center.
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