Healthcare stocks boost Dow, S&P 500

Trader Peter Tuchman wears a Dow 23,000 hat after the Dow briefly traded above 23,000 on Tuesday. The Dow closed on Wednesday above the 23,000-point plateau for the first time

The S&P 500 gained 4.3 points, or 0.16 percent, to 2,563.66.

Wall Street opened quietly on Tuesday as positive results from big investment banks Goldman Sachs and Morgan Stanley failed to fuel the optimism that has led the major indexes to record highs.

The Dow Jones industrial average rose again above the 23,000 level on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

The gains have been driven by stronger than expected earnings for many US companies, as well as the hopes of those companies that President Trump's tax reform plan could lower taxes on them. The report, due at 2:00 p.m. ET (1800 GMT), will likely show if inflation pressures are accelerating.

The Dow Jones Industrial Average rose 114.49 points, or 0.5 percent, to 23,111.93.

Facebook acquires tbh, an anonymous compliment app for teens
The app will continue operating as a standalone app under Facebook, a Facebook spokeswoman told The Wall Street Journal. TBH , an app that encourages teens to be nice to each other, has been acquired by Facebook for an undisclosed fee.

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

Over the past three months, the Dow has risen 13pc, with a slew of upbeat earnings driving it ever higher.

Abbott rose 1.3 percent after the company's profit beat estimates on strong sales in its medical devices business.

Chipotle Mexican Grill CMG.N slipped 1.85 percent after Bank of America Merrill downgraded the company's stock to "underperform" and slashed its price target by $105 to $285.

Declining issues outnumbered advancing ones on the NYSE by a 1.51-to-1 ratio; on Nasdaq, a 1.77-to-1 ratio favored decliners.

Related News:



Most liked

Florida Governor Declares State of Emergency For Richard Spencer Speech
They chanted, "We're going to talk with the president! It is our creation and our inheritance, and it belongs to us", he said. For example, agencies from multiple jurisdictions can be mobilized, if necessary, without bureaucratic delays.

The FCC chairman subtly shot down Trump's threat to revoke NBC's licenses
The agency does not issue similar licenses for cable networks such as CNN and MSNBC, or regulate internet news or other websites.

President Trump falls in Forbes 400 list of richest Americans
Amazon's chief Jeff Bezos held on to the second position for the second consecutive year, with a net worth of $81.5 billion. There were 169 billionaires who did not make the Forbes 400 due to how many Americans have reached the $1-billion mark.

"How many Jews were killed in the Holocaust?" — Scaramucci Twitter
GQ profiled him a year ago , crediting him for managing a Twitter account for Broadway and TV actor Taye Diggs. This poll was put up by @lancelaifer without consulting @Scaramucci who is traveling in London.

United States indicts two Chinese in major fentanyl trafficking case
Several deaths and serious illness have been tied directly to the alleged ring, USA authorities said. He faces up to life in prison and more than $12 million in fines, if convicted.

Garmin Speak adds Amazon Alexa to your vehicle for $149
Alexa responses, including calling up content such as music, news and traffic alerts, stream through the vehicle's stereo. For example, the Logitech Zerotouch hands-free auto mount offers Alexa's services for $24.99.

Gerard Butler opens up about 'painful' motorcycle crash, newfound appreciation for life
The 47-year-old actor added that when several bystanders rushed over to help, they were stunned to see who the crash victim was. Gerard Butler has realized how "precious" his life is after he was recently knocked off his bike.

Footage of plane landing in Dublin Airport amid Opehlia gales
Flights across the United Kingdom were cancelled and delayed, with some flights aborted due to "smoke smells" in the cockpits. Shannon Airport say their staff worked throughout the night to help airlines clear a backlog of flights delayed by Ophelia.

Sony to Publish Nintendo Switch and PC Games With New Label
On Unties' page, they hint at 4 different games ranging from Advance Wars-like TINY METAL , to mobile-to-VR ported Deemo . Sony has announced it will be publishing indie games on the Switch and PC.

Carney reveals United Kingdom inflation expectations
Many economists still remained confident that Carney and co would still hike rates at their coming meeting. She added that a premature rate hike could prove more costly to the economy than an early rate cut.

United Kingdom police numbers show surge in hate crime
The offences are broken down into five categories: race, religion, sexual orientation, disability and transgender. Some crimes were recorded as having more than one motivating factor.

Amazon Studios Chief Roy Price Resigns Amid Sexual Harassment Allegations
A spokeswoman for Harvey Weinstein said: "Any allegations of non-consensual sex are unequivocally denied by Mr. In a statement last week, Amazon said it was reviewing options for projects it has with the Weinstein company.

Amid backlash, Google Maps nixes short-lived calories-and-cupcakes counter
If you already have walking selected, the calories are shown in the step-by-step directions, but not the map. However, the app is not as widely used as Google Maps and doesn't include a cupcake comparison.

Microsoft Rolls Out New Windows 10 Update and Laptops
This mode has been available in Windows 10 for a while, and the performance improvements it introduced were minimal. PC users can update to it by simply checking for new updates via the Windows 10 Update tool.

Crew To Move To Austin Barring New Downtown Stadium
The newspaper, citing a source, said that the deal to host games at the University of Texas is "all but done" for 2019. BREAKING: Statement from @MayorAdler on reports of Columbus Crew considering move to Austin @KVUE .