Dow, S&P 500 close at record high amid data, earnings

Randall Padilla
July 15, 2017

The Dow Jones Industrial Average climbed 84.65 (+0.39 percent) to finish at 21,637.74. The S&P 500 and Nasdaq ended up 0.2% each.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.

The Consumer Price Index for All Urban Consumers was unchanged in June on a seasonally adjusted basis, the labor department reported on Friday. Small caps posted a weak session, with Russell 2000 futures ending only slightly below the break-even line.

Companies in the S&P 500 are expected to report an increase of six percent in operating earnings per share compared with the year-ago period, according to CFRA Research.

In corporate news, JPMorgan Chase reported quarterly net income of seven billion US dollars, up 13 percent year-on-year.

Gains for big technology and health care companies drove the market higher.

Bank of America shares fell about 1%, while Citigroup edged up 0.2%.

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