The Dow Jones Industrial Average briefly crossed 23,000 points for the first time Tuesday October 17, 2017, after reaching 22,000 in August. The market closed at 22,997.
Steady U.S. economic growth this year, including the best rise in GNP (3.2%) in two years, low interest rates, stable inflation and strengthening global conditions are cited as reasons for the rise in the market. High hopes for tax reform is also considered a plus for the stock market.
Boeing (+142) and Caterpillar (+121) were the biggest points contributors on the Dow since August 2, 2017, when the DJI first broke above 22,000.
The Dow Jones Industrial (DJI) was up 117.70 at 23,115.14 just before 9:00 AM CDT after good earnings reports from IBM.
— CBS News (@CBSNews) October 18, 2017
— CNBC (@CNBC) October 17, 2017
— Bloomberg Markets (@markets) October 17, 2017
— CNBC (@CNBC) October 18, 2017
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NWS FORECAST 8:35 AM
New York City …
Today: Sunny, with a high near 71. Southwest wind around 8 mph.
Tonight: Mostly clear, with a low around 54. Southwest wind 6 to 9 mph.
Thursday: Sunny, with a high near 73. Southwest wind 6 to 11 mph, with gusts as high as 22 mph.
Thursday Night: Clear, with a low around 55. West wind around 9 mph.
Friday: Sunny, with a high near 73. Northwest wind around 9 mph.
Friday Night: Clear, with a low around 54.
Saturday: Sunny, with a high near 71.
Saturday Night: Mostly clear, with a low around 56.
Sunday: Sunny, with a high near 73.
Sunday Night: Mostly clear, with a low around 58.
Monday: Mostly sunny, with a high near 72.
Monday Night: A 40 percent chance of showers. Mostly cloudy, with a low around 61.
Tuesday: A 50 percent chance of rain. Cloudy, with a high near 70.
New York NY
40.71°N 74.01°W (Elev. 7 ft)
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— Donald J. Trump (@realDonaldTrump) October 17, 2017