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Post by bot on Jan 25, 2018 17:04:56 GMT -5
Dow, S&P 500 end at a records but Nasdaq finishes flat in choppy trade
The Dow Jones Industrial Average finished firmly higher on Thursday buoyed by stronger-than-expected quarterly results in a pair of industrial heavyweights, but the day's trade wasn't without its bumps. The Dow closed up 140 points, or 0.5%, to end at 26,392, marking a fresh all-time high for the blue-chip benchmark. It had slipped in to negative territory in the morning. Dow components Boeing Co. and 3M Co. combined to contribute about 90 points to the average. Shares of Caterpillar, which saw up-and-down action throughout the session, added about 7 points. 3M and Caterpillar both reported earnings that were better than Wall Street expectations, while Boeing has been one of the best drivers of the price-weighted equity gauge. Meanwhile, the S&P 500 index also closed with a slight gain but enough to log a record, up less than 0.1%, at 2,839. The Nasdaq Composite Index , however, finished in negative territory but mostly flat on the day as technology shares have bounced around over the past two sessions. Investors reacted mostly to upbeat earnings but comments from an interview from President Donald Trump, where he endorsed a strong dollar , added to day's volatility, pushing the dollar gauge into positive territory and off a three-year low. A stronger dollar can create a headwind for multinational companies doing business abroad but a firmer greenback also has been viewed as underlining a strong U.S. economy.
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