IT&Software

Dow opens above 23000, powered by IBM (IBM, ABT, CVS, CMG)

Dow opens above 23000, powered by IBM (IBM, ABT, CVS, CMG)

The index first breached the 23,000 milestone on Tuesday, but later dipped to close three points below the mark.

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

Shares of the largest US health insurer UnitedHealth touched a life high and was last up 6.3 percent, after the company reported a stronger-than-expected profit and raised its full-year earnings forecast.

JPMorgan Chase and Bank of America led gains in bank stocks, tracking a climb in U.S. Treasury yields, which benefits banks.

Kate Middleton stuns in $1200 blue blazer
Apprentices from all over the United Kingdom were honoured at West Ham's football stadium - the former Olympic stadium in London. Kate wore a $1,200 blazer by Philosphy Di Lorenzo Serafini.


Benchmark U.S. crude gained a penny to settle at $51.88 a barrel on the New York Mercantile Exchange. The report, due at 2:00 p.m. ET (1800 GMT), will likely show if inflation pressures are accelerating.

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.

Abbott rose 1.63 percent after the company's profit beat estimates, driven by strong sales in its medical devices business. S&P 500 companies are forecast to deliver 3.3 percent earnings growth in the third quarter, according to S&P Global Market Intelligence. The S&P 500 index added 1.90 points to 2,561.26 and the Nasdaq composite index eked out 0.56 of point to 6,624.22.

Winners and Losers: Freeport-McMoRan sunk 2.23 percent after Deutsche Bank downgraded the mining company's stock to "Sell". On the Nasdaq, 1,569 issues rose and 746 fell.