Stocks rise and push Dow to another record
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The Dow touched an intraday record high while the Nasdaq slipped as investors focused on a wave of quarterly earnings while remaining vigilant about US-China trade tensions.
Major stock indexes finished mixed on a busy day of corporate news Tuesday, with the Dow Jones Industrial Average setting intraday and closing records, as several major companies reported quarterly results.
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3M stock moved up nearly 3% early, while Coca-Cola shares also jumped close to 3%. GE shares climbed 2%, as Halliburton stock rose 4%. Lockheed shares gained 1%, but Northrop stock dropped nearly 2%. Finally, Pulte shares sold off 2.5% in premarket trading.
U.S. stocks were mostly higher in final hour of trading on Tuesday afternoon. The Dow Jones Industrial Average was rising over 280 points, or 0.6%, to trade near 46,992. The blue-chip index was also on pace to score a new record close and its 12th record closing high of 2025,
Wall Street kicked off a new week in high gear as optimism rose that the 20-day shutdown of the federal government could soon draw to a close.
On Tuesday, Netflix and Texas Instruments are due. On Wednesday, Tesla and IBM will report, while Intel is scheduled for Thursday.
A batch of strong third-quarter earnings was propelling the blue-chip Dow Jones Industrial Average to a new intraday record on Tuesday, but other major indexes failed to keep pace. The S&P 500 and the Nasdaq Composite have been wavering between gains and losses in afternoon trading on Tuesday.
And yet, for full-year fiscal 2025, Disney is forecasting 8% operating income growth from its experiences segment, double-digit percentage operating income growth from entertainment, entertainment direct-to-consumer (led by Disney+) up $1.3 billion in operating income, and adjusted earnings per share of $5.85 -- an 18% increase from fiscal 2024.
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Dow Inc. is promoting sustainable product innovation across sectors — including packaging, mobility, and wire and cable — under its "Generation Transformation" theme, with a focus on circularity and digital solutions.
The Dow touched an intraday record high while the Nasdaq slipped as investors focused on a wave of quarterly earnings while remaining vigilant about US-China trade tensions.