MARKET SNAPSHOT: Dow, S&P, Nasdaq End At Records On Same Day Time For 27th Time In 2017
By Mark DeCambre and Victor Reklaitis, MarketWatch
Snap Inc.'s stock falls about 16% after quarterly results
U.S. stocks booked slight gains on Wednesday, allowing the main equity benchmarks to creep further into record territory as investors awaited updates on efforts to pass tax reform in Washington and as President Donald Trump toured Asia, highlighting lingering tensions with North Korea (http://www.marketwatch.com/story/trump-warns-north-korea-do-not-try-us-2017-11-07) in a speech.
What are the main benchmarks doing?
The Dow Jones Industrial Average , which rung up a fresh all-time closing high on Tuesday (http://www.marketwatch.com/story/us-stocks-regroup-for-another-bid-on-all-time-highs-2017-11-07), finished up 6.13 points, or less than 0.1%, at 23,563.36, buoyed by shares of Johnson & Johnson(JNJ), Goldman Sachs Group Inc. (GS), and Wal-Mart Stores(WMT).
The S&P 500 index closed up about 3.74 points, or 0.1%, at 2,594.38, supported by gains in consumer-staples stocks and technology shares. Meanwhile, the tech-oriented Nasdaq Composite Index advanced 21.34 points, or 0.3%, to settle at 6,789.12.
All three equity benchmarks finished at all-time highs on the same day for the 27th time in 2017. For the Dow it was the 59th closing high in 2017, the 53rd for the S&P 500, and the 64th for the Nasdaq.
The Dow has gained 29% since Trump was elected president on Nov. 8, 2016, while the S&P 500 has rallied 22% and the Nasdaq Composite has rallied 31% during that period.