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Dow opens above 23000 on strong IBM results
20 October 2017, 12:10 | Deanna Wagner
Dow Jones hits record high, continues surge since Donald Trump was elected
USA stocks opened lower on Thursday following a record-setting session when the Dow closed above 23,000 for the first time.
The Dow Jones Industrial Average breached the 23,000-mark for the first time on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson, but the S&P 500 was flat.
Strong earnings results from IBM propelled the Dow 114.49 points - or 0.5 percent - at the open, sending the index of 30 blue chip stocks to 23,111.93. Both the S&P 500 and the tech-heavy Nasdaq indices also hit fresh highs today. The Nasdaq Composite Index was down 0.35 points or 0.01 per cent to 6,623.66.
Health insurers, hospitals and other health care companies also rose as two leading lawmakers reached a deal on a plan that would extend federal payments to health insurers that President Donald Trump had blocked last week. JPMorgan was up 2.1 percent, while Bank of America was up 1.6 percent.
Fifty companies are to report quarterly results this week, the first full week of the third-quarter earnings season.
Technology index's 0.22 percent rise, led by gains in IBM, was the biggest boost to the S&P index.
IBM shares, meanwhile, were up 7.8 percent at $158.74 in early morning trades after the tech giant disclosed it benefited from the USA dollar falling against the euro. The gains were limited because of lingering damage from Hurricanes Harvey and Irma.
About 5.5 billion shares changed hands on USA exchanges. Copper fell 4 cents to $3.20 a pound.
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They hit the right areas and took wickets at just the right time. "I think more than the bowling, the difference was our batting". Pakistan responded with 262, enabling Sri Lanka to enforce the follow-on. "No, not at all". "It was a tough series for us".
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Bauer posted a 4.19 ERA in 2017, but he also went 17-9 thanks to going 8-1 with a 2.57 ERA over the last two months of the season. Alex Bregman and Jose Altuve hit back-to-back home runs off Sale in the bottom of the first to help their club to an early lead.
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In contrast, Nadal - a 16-time Grand Slam victor who has never won the Shanghai Masters - was labouring through his service games. He said: "That's my priority right now". "I thought it was a really good match". "After losing a final it's not the moment".
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Ben Roethlisberger continued his solid, but unspectacular play, completing 18 of 30 passes for 216 yards, a touchdown and a pick. And since the Steelers weren't stopping the run, Leonard Fournette and Chris Ivory were making them pay.