Nasdaq Cracks 6,000 Points for 1st Time Ever

And strong company earnings powered stock gains Tuesday
By Newser Editors and Wire Services
Posted Apr 25, 2017 3:34 PM CDT
Strong Company Earnings Power Stock Gains
The Nasdaq cracked 6,000 points for the first time Tuesday.   (AP Photo/Richard Drew, File)

Stocks closed higher on Wall Street after several big companies reported solid earnings, the AP reports. The gains Tuesday were enough to send the Nasdaq composite index above 6,000 points for the first time. Materials and energy companies rose more than the rest of the market. Caterpillar rose 7.9% and McDonald's jumped 5.6%, while biotech drug maker Biogen rose 3.6%.

The Standard & Poor's 500 rose 14 points, or 0.6%, to 2,388. The Dow Jones industrials gained 232 points, or 1.1%, to 20,996. The Nasdaq increased 41 points, or 0.7%, to 6,025. Bond prices fell. The yield on the 10-year Treasury note rose to 2.33%. (Read more stock market stories.)

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