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Wall Street Roundup: Dow 12,000. Done apologizing.

January 26, 2011 |  7:37 am

Gold: Trading now at $1,328 per ounce, down 0.4% from Tuesday. Dow Jones industrial average: Trading now at 12,005.50, up 0.2% from Tuesday.

Winter wall peter morgan reuters Dow 12,000. The Dow Jones industrial average hit 12,000 Wednesday morning for the first time since June 2008, nudged upward by unexpectedly good reports on home sales.

Obama ignores banks. The State of the Union speech Tuesday night talked little about fiscal issues and only mentioned banks once.

Done apologizing. At the annual gathering of the power elite at Davos, financial insiders appear to be over the whole contrition thing and ready to be more assertive in dealing with regulators and governments.

Speaking of assertive. The U.S. Chamber of Commerce is unrolling its strategy for battling the Dodd-Frank financial reform bill.

--Nathaniel Popper

Photo: Wall Street; credit: Peter Morgan / Reuters