Wall Street

Market Hits Two-Year High

Just in time for Christmas, the Dow Jones Industrial Average inched up 0.12 percent to 11573.49, its highest close since the market crash in August 2008. Oil shares led the climb as oil futures reached $91 a barrel, buoying Alcoa, Chevron, and ExxonMobile; Bank of America, Walt Disney and Travelers held the market back. It was a good week for stocks, but it came amid a mixed bag of economic news: both consumer spending and housing demand were just slightly lower than forecasted in November, and commercial plane orders plummeted 53 percent.