NEW RECORD – Dow Jones Industrial Average Reaches New Record High, Closes Another Record Month
By Matthew Rocco, Fox Business // July 31, 2017
(FOX NEWS) – The Dow maintained its momentum and climbed toward a new record high on Monday, while U.S. stocks looked to close a positive month of July.
As of 3:20 p.m. ET, the Dow Jones Industrial Average jumped 79 points, or 0.4%, to 21,910. The S&P 500 inched 1 point higher to 2,473. The Nasdaq Composite fell 18.9 points, or 0.3%, to 6,355.
Robust corporate profits have carried the Dow over the last week. Several members of the blue-chip index, including Boeing (BA), Caterpillar (CAT) and McDonald’s (MCD), reported better results than expected for the second quarter.
According to Thomson Reuters data, U.S. corporations are expected to report a second straight quarter of double-digit earnings growth, the first such streak since 2011.
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