Dow closes above 22,000 for the first time after Apple jumps on earnings

Dow closes above 22,000 for the first time after Apple jumps on earnings

Thursday, August 03, 2017
Wall Street

The Dow Jones industrial average notched another milestone on Wednesday, breaking above 22,000 for the first time.

The 30-stock index rose 52.32 points to close at 22,16.24 with a boost from Apple’s stock, which surged 4.73 percent after posting quarterly results that blew expectations out of the water.

It took the Dow just 107 trading days to surge to 22,000 from 21,000. Boeing shares have had the biggest points impact on the price-weighted Dow, contributing 380.29 points since March 1, followed by McDonald’s and UnitedHealth Group with 171.14 and 166.35 points, respectively.

The Nasdaq composite closed flat at 6,362.65 while the S&P 500 advanced 1.22 points to close at 2,477.57.

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