US Stocks See More Record Highs

Dow ends day up 100
By Newser Editors and Wire Services
Posted Jul 25, 2017 3:07 PM CDT
US Stocks See More Record Highs
Specialist Peter Giacchi, background center, handles the close of trading of Reynolds American on the floor of the New York Stock Exchange, Monday, July 24, 2017.   (AP Photo/Richard Drew)

Solid earnings reports from several big companies helped drive US stock indexes to more record highs, the AP reports. McDonald's rose 4.8% Tuesday and Caterpillar climbed 5.9%. Both reported results that easily beat analysts' forecasts. Barnes & Noble soared 16.9% after an activist investor announced he had bought a stake in the struggling bookseller and urged it to pursue a sale. Banks posted big gains. Citigroup rose 2.9%. The Standard & Poor's 500 index rose 7 points, or 0.3%, to 2,477. The Dow Jones industrial average rose 100 points, or 0.5%, to 21,613. Technology stocks lagged the market. The Nasdaq inched up 1 point to 6,412. (More stock market stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X