Home Depot. Walt Disney. Cisco Systems. Honeywell International. American Express. Goldman Sachs. Dow Inc. Walgreens Boots Alliance. Travelers Companies. Exxon Mobil. Crude Oil. Natural gas. Heating Oil. Still, wholesale prices increased 8. GE plans to spin off the health-care unit by early and the energy unit by early , the company said in a press release. Bitcoin and ether hit new all-time highs Tuesday, before slightly trimming their gains, as cryptocurrencies extended their rallies.
Ether , the No. The service was unavailable between Oct. Third-quarter adjusted earnings beat estimates. The Dow Jones Industrial Average jumped to a record on Wednesday as investor sentiment was boosted by better-than-expected earnings reports and a new record for bitcoin.
The Dow gained While it surpassed its high from August on an intraday basis, the stock average was 0. The Nasdaq Composite retreated 0. The market climbed a wall of worries over the last two months. Fears over the delta Covid surge, supply chain hiccups, a China property crisis, the Federal Reserve signaling the removal of stimulus and surging inflation reports rattled investors.
Sam Stovall, chief investment strategist at CFRA, said the market was continuing its rally from last week, which he said started with a weaker-than-expected producer prices reading and better-than-expected bank earnings. It is month-over-month changes in inflation that looks like it is peaking out and the effect of the Covid variant is slowing down.
Verizon was one of the biggest gainers in the Dow, jumping 2. The telecom giant raised its forecast because of growing 5G adoption.
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