Stocks close slightly higher; Dow briefly tops 23000

Stocks close slightly higher; Dow briefly tops 23000

The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday following strong quarterly results from IBM.

Banks and technology companies led USA stocks modestly higher Wednesday, delivering another set of market milestones.

IBM shares were on course to record their biggest percentage gain in more than eight years and accounted for almost 95 points of the 148 point-gain for the blue-chip index.

Further support came from American banks, with Bank of America, Goldman Sachs and Wells Fargo all making gains, helping the Dow to hit new record highs.

That, along with a 3.6 percent rise in Johnson & Johnson, led a 1.5 percent gain in the S&P healthcare sector.

The Dow Jones Industrial Average rallied above the 23,000-mark on Wednesday, propelled by IBM's 9 percent surge after the computing giant hinted a return to revenue growth.

Qualcomm completes 5G mobile data connection test, unveils 5G smartphone reference design
As for its 5G smartphone concept, the futuristic-looking handset is 9mm thick and sports a trendy edge-to-edge screen. Qualcomm has tested the 5G connection on a smartphone using the X50 5G modem launched a year ago.

The blue-chip index has surpassed four similar 1,000-point milestones this year, indicating investor faith in the bull-run despite lofty stock valuations.

The S&P 500 gained 0.14 points, or 0.01 percent, to 2,557.78 and the Nasdaq Composite dropped 3.89 points, or 0.06 percent, to 6,620.11.

The Dow added 285.88 points, or 1.3 percent.

The Russell 2000 is up 2.49 points, or 0.2 percent.

The Nasdaq is up 1,241.10 points, or 23.1 percent.

Related Articles

  • Google Pays Tribute to Icon Selena in Homepage Doodle

    Google Pays Tribute to Icon Selena in Homepage Doodle

    More than 20 years later, she's become an icon for the Latino community, and for many others as well. "She'll never be forgotten". She explains that she grew up in a household of Mexican immigrants in Texas and was "profoundly influenced" by Selena .
    Khloe & Kylie Hide their Baby Bumps During KUWTK's Filming Of Christmas Special

    Khloe & Kylie Hide their Baby Bumps During KUWTK's Filming Of Christmas Special

    It's Hollywood's worst kept secret, and Kylie Jenner is determined to keep the world guessing as to whether or not she's pregnant. The latest post that everyone's obsessing over is this Snapchat video of Kylie dancing around in her kitchen.
    Mercedes recalls cars over airbag fault

    Mercedes recalls cars over airbag fault

    Mercedes-Benz in the U.S. said that there had been "a handful of instances where drivers suffered minor abrasions or bruises". The recall is not related to the exploding Takata airbag scandal , and there have been no fatalities.
  • Minecraft's latest update brings new additions for players around various devices

    Minecraft's latest update brings new additions for players around various devices

    See more content at a glance with new Community feed, and view screenshots and game clips in an immersive, full-screen view. Speaking of UI, you're now able to choose between the current dark theme, a light theme, or a high-contrast option.
    Federal indictment links Chinese operation to ND overdoses

    Federal indictment links Chinese operation to ND overdoses

    USA officials said the two are among the most prolific worldwide drug traffickers and money launderers. Investigators identified more than 100 distributors in the alleged scheme.
    Trump joked Pence 'wants to hang' all gay people

    Trump joked Pence 'wants to hang' all gay people

    If you missed last night's Saturday Night Live , then you missed an awesome cold open with Baldwin doing his best Donald J. Which is why Pence is so risky : he does, and Pence is Trump's bridge to the far right wing evangelical arm of the GOP.
  • Cher cast in 'Mamma Mia' sequel alongside Meryl Streep

    Cher cast in 'Mamma Mia' sequel alongside Meryl Streep

    Cher is now in the United Kingdom where filming for the follow-up to the Abba musical is taking place. Lily James is also in the film as the younger version of Donna, Streep's character.
    Drone collides with commercial aeroplane in Canada

    Drone collides with commercial aeroplane in Canada

    The Government has a statement from the Minister of Transport, Marc Garneau, on their website. Anyone who wishes to operate a drone is required to follow the Canadian Aviation Regulations .
    Nupur, Rajesh Talwar walk out of jail after 4 yrs

    Nupur, Rajesh Talwar walk out of jail after 4 yrs

    Aarushi's parents, Rajesh and Nupur, were convicted by a special Central Bureau of Investigation ( CBI) court in 2013. They have assured us that they would visit jail to attend to inmates every 15 days", said jail doctor Sunil Tyagi.
  • US, Japan agree to maximize pressure on N. Korea over nuclear program

    US, Japan agree to maximize pressure on N. Korea over nuclear program

    With this in mind, he said that the country had the right to manufacture nuclear weapons of their own in self-defence. He said: " North Korea is the most significant geopolitical risk to the global economy at this juncture".
    Facebook launches new food-ordering feature

    Facebook launches new food-ordering feature

    And one such way is the introduction of a new feature through which you can order for food from the app. In this way, Facebook does not have to compete with them as it has partnered with these services.
    Taliban denies rescued Canadian hostage's accusations

    Taliban denies rescued Canadian hostage's accusations

    Mr Boyle said from his parents' home in Smiths Falls, Ontario, that full medical exams were being arranged for him and his family. In the seat beyond that was Mr Boyle, with their youngest child in his lap. "And we made the decision that it's worth the risk".