Dow opens above 23000 on strong IBM results

Ivan Schwartz
October 19, 2017

The Dow Jones Industrial Average added 40.48 points or 0.18 per cent to 22,997.44.

The Toronto Stock Exchange's S&P/TSX composite index was down 34.74 points to 15,782.16.

The Dow had briefly surpassed the all-time peak on Tuesday but closed 3 points short of it.

Netflix slipped 1.5 percent after touching a record high as more subscribers signed up for its popular original content in the latest quarter.

Solid earnings, stable economic growth and hopes that President Donald Trump may be able to make progress on tax cuts have helped the market rally this year.

Imam-ul-Haq replaces Shehzad in Pak-SL ODI final
You can also track live score and ball-by-ball commentary of Pakistan vs Sri Lanka 3rd ODI on India.com's LIVE SCORECARD . Pakistan vs Sri Lanka 3rd ODI will begin at 4:00pm PST (1030 hrs GMT) since it is a day-night fixture.

Murky Timeline is a Focus of Las Vegas Shooting Probe
Schuck, the building engineer, said he had just rounded the corner when he noticed Campos and started to hear the gunfire. The Mandalay Bay security guard who first encountered the Route 91 shooter will be on the Ellen Degeneres show today.

Man accused of kicking officers while being arrested in Colorado Springs
Their father is being treated for non-life-threatening injuries and is expected to survive. Police said that Murphy was across the street watching the white Ford Explorer burn.

"My view is it may take several days or a couple of weeks before it can sustain a level above 23,000", said Robert Pavlik, chief market strategist at Boston Private Wealth in NY. The report, due at 2:00 p.m. ET (1800 GMT), will likely show if inflation pressures are accelerating.

Other indices also opened in the green Wednesday morning.

The Standard & Poor's 500 index edged up 1.7 points to 2,559. Both the S&P 500 and the tech-heavy Nasdaq indices also hit fresh highs today.

Goldman Sachs was another contributor to the Dow's gains, jumping almost 2 percent to $240.55 in early trades - just one day after the company reported results that beat expectations but still lagged peers. Industrial companies and banks slid.

Other reports by GizPress

Discuss This Article

FOLLOW OUR NEWSPAPER