Dow crosses 10,000

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Tuesday, Dec. 9, 2003 | 9:43 a.m.

NEW YORK -- Wall Street reached one of the most significant milestones of its recovery from the bear market today, as the Dow Jones industrials crossed 10,000 for the first time in 18 months and then fluctuated around that level.

Stocks moved higher as upbeat investors picked up shares on bets the Federal Reserve will keep interest rates low for some time, but gave back some of the gains to profit-taking.

The Federal Reserve was set to announce later today whether it would raise short-term interest rates. Policymakers are largely expected to leave rates unchanged, but investors are closely watching their statements to see if a rate hike might come in the near future.