Dow hits record, boosted by earnings-driven gains from Caterpillar, 3M

U.S. stocks rose on Tuesday, with the Dow hitting the latest in a series of record as earnings continue to come in largely ahead of expectations.

Both Caterpillar and 3M boosted the blue-chip average’s advance, while broader gains were limited by declines in health care shares.

What are the main benchmarks doing?

The Dow Jones Industrial Average DJIA, +0.83%  rose 197 points, or 0.8%, to 23,470, hitting an intraday record in early trading. The S&P 500 SPX, +0.19% was up 5.5 points, or 0.2%, to 2,571. The Nasdaq Composite COMP, +0.26%  rose 21 points, or 0.3%, to 6,607. Both the S&P and the Nasdaq remain within one percentage point of their own records.

Industrial shares were the biggest gainers of the day, with the sector up 0.8% on Caterpillar’s advance. Health care stocks dropped 0.7% in the wake of results from Biogen Inc. and Eli Lilly.

No comments yet - you can be the first!

Comments are closed.

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.