Despite record oil prices and soaring wholesale prices, the markets advanced during the middday with the Dow climbing 42 points to 12,344. Nasdaq rose 7 points to 2283.
On the upside
In the broad market, advancing issues outpaced decliners by a margin of 10 to 9 on the NYSE and by nearly the same on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 689.