Dschrute3
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S&P 500 hits record high on stronger-than-expected earnings
U.S. stocks traded mostly higher on Tuesday after a slew of major companies reported better-than-expected quarterly results.
The S&P 500 hit a record high shortly after the open, with financials, materials and energy rising more than 1 percent to lead advancers. The Dow Jones industrial average rose 104 points, with Caterpillar and McDonald's contributing the most gains. The Nasdaq composite lagged, trading 0.1 percent lower as tech stocks slipped.
Caterpillar posted bottom-line results that topped estimates, sending its shares higher.
"This is what the market needs to hear from industrial names coming in strong," said Quincy Krosby, chief market strategist at Prudential Financial. "This is the earnings week."...
S&P 500 hits record high on stronger-than-expected earnings
DRUDGE REPORT 2017®
S&P 500 hits record high on stronger-than-expected earnings
U.S. stocks traded mostly higher on Tuesday after a slew of major companies reported better-than-expected quarterly results.
The S&P 500 hit a record high shortly after the open, with financials, materials and energy rising more than 1 percent to lead advancers. The Dow Jones industrial average rose 104 points, with Caterpillar and McDonald's contributing the most gains. The Nasdaq composite lagged, trading 0.1 percent lower as tech stocks slipped.
Caterpillar posted bottom-line results that topped estimates, sending its shares higher.
"This is what the market needs to hear from industrial names coming in strong," said Quincy Krosby, chief market strategist at Prudential Financial. "This is the earnings week."...
S&P 500 hits record high on stronger-than-expected earnings
DRUDGE REPORT 2017®