Earnings, bank shares propel S&P 500 to record high

Earnings, bank shares propel S&P 500 to record high

Wednesday, July 26, 2017
Wall Street

The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald’s and Caterpillar and gains for bank shares.

The Nasdaq also managed to set a record high despite declines in Google parent Alphabet after its results. Alphabet shares ended down 2.9 percent.

The Dow Jones Industrial Average rose 100.26 points, or 0.47 percent, to 21,613.43, the S&P 500 gained 7.17 points, or 0.29 percent, to 2,477.08 and the Nasdaq Composite added 1.37 points, or 0.02 percent, to 6,412.17.

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