video Business
U.S. stocks hit record highs
Wednesday, July 19, 2017 - 01:26
Nasdaq and S&P 500 hit record highs, powered by technology stocks and a jump in Vertex Pharmaceuticals, while gains on the Dow were capped by a sharp drop in IBM shares. Julia Sun reports.
▲ Hide Transcript
▶ View Transcript
After the close, American Express reported lower profit, but still beat estimates. The Nasdaq and S&P ended the day at record levels, powered by technology stocks. A sharp drop in IBM capped gains on the Dow. Eric Wiegand, senior portfolio manager at U.S. Bank: (SOUNDBITE) ERIC WIEGAND, SENIOR PORTFOLIO MANAGER, U.S. BANK (ENGLISH) SAYING: "We continue to see a lot of momentum built in to stocks, particularly looking at areas like technology, select healthcare. Healthcare has been in a leadership year-to-date, so we're still seeing some support there. But it's actually broadening out. Today energy is certainly playing a big part of the advance of the major indices." Vertex Pharmaceuticals jumped after it reported positive results for its cystic fibrosis treatment. Morgan Stanley rose following better-than-expected profit and only modest decline in bond trading revenue. Microsoft, Facebook, and Netflix were big gainers. The first two report this weeks and next. Netflix delivered stellar results on Tuesday. On the flipside, shares of IBM fell after the company's quarterly revenue came in below expectations. In Europe, stocks ended the day higher on good earnings.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
U.S. stocks hit record highs
Wednesday, July 19, 2017 - 01:26
Top News »
Thu, 21 Mar, 2019 - (0:35)
Thu, 21 Mar, 2019 - (1:36)
Thu, 21 Mar, 2019 - (1:57)
Thu, 21 Mar, 2019 - (1:44)
Thu, 21 Mar, 2019 - (1:45)
Wed, 20 Mar, 2019 - (1:38)
Wed, 20 Mar, 2019 - (1:10)
Wed, 20 Mar, 2019 - (1:09)
Wed, 20 Mar, 2019 - (0:45)
Wed, 20 Mar, 2019 - (1:32)
Wed, 20 Mar, 2019 - (1:52)
Wed, 20 Mar, 2019 - (1:59)
Editors' Picks »
Thu, 21 Mar, 2019 - (1:26)
Thu, 21 Mar, 2019 - (1:10)
Wed, 20 Mar, 2019 - (1:43)
Tue, 19 Mar, 2019 - (2:02)
Tue, 19 Mar, 2019 - (2:01)
Tue, 19 Mar, 2019 - (1:28)
Tue, 19 Mar, 2019 - (1:39)
Tue, 19 Mar, 2019 - (1:50)
Tue, 19 Mar, 2019 - (1:35)
Featured Videos
Found it! New York button shop saves the day
Tender Buttons, a narrow little New York shop, has specialized in solving the fashion crises of customers who are desperate to find just the right button since the 1960s
Europe's first underwater restaurant opens in Norway
The unusual concept has already attracted more than 7,000 people who've booked to eat with the fish
La Liga eyes bigger slice of African football pie
Spain's La Liga is adopting a hands-on approach as it looks to grow its popularity on the African continent
Art imitates Brexit chaos in London exhibition
A new London exhibition takes a look at the Brexit vote through art and newspaper front pages.
Who's next? Daltrey and Townshend set for 'full throttle' tour, album
The Who's Roger Daltrey and Pete Townshend on their 2019 tour, 'Moving On!', adding an orchestra to the gig and being older, but not past it (yet)
Technology »
Wed, 20 Mar, 2019 - (1:42)
Wed, 20 Mar, 2019 - (1:23)
Wed, 20 Mar, 2019 - (2:08)
Tue, 19 Mar, 2019 - (1:34)
Tue, 19 Mar, 2019 - (2:26)
Mon, 18 Mar, 2019 - (1:24)
Fri, 15 Mar, 2019 - (2:11)
Fri, 15 Mar, 2019 - (1:30)
Fri, 15 Mar, 2019 - (1:36)
Thu, 14 Mar, 2019 - (0:56)
Entertainment »
3:39am GMT - (1:19)
Thu, 21 Mar, 2019 - (1:33)
Thu, 21 Mar, 2019 - (1:40)
Thu, 21 Mar, 2019 - (2:15)
Thu, 21 Mar, 2019 - (2:08)
Thu, 21 Mar, 2019 - (2:10)
Wed, 20 Mar, 2019 - (1:36)
Wed, 20 Mar, 2019 - (1:48)
Wed, 20 Mar, 2019 - (0:37)
Wed, 20 Mar, 2019 - (1:35)
Wed, 20 Mar, 2019 - (1:03)
Tue, 19 Mar, 2019 - (0:55)
Sports And Leisure »
Thu, 21 Mar, 2019 - (1:26)
Thu, 21 Mar, 2019 - (0:52)
Thu, 21 Mar, 2019 - (1:19)
Wed, 20 Mar, 2019 - (1:31)
Tue, 19 Mar, 2019 - (0:57)
Mon, 18 Mar, 2019 - (1:45)
Mon, 18 Mar, 2019 - (1:37)
Mon, 18 Mar, 2019 - (2:02)
Thu, 14 Mar, 2019 - (0:31)
Wed, 13 Mar, 2019 - (1:18)
Oddly Enough »
Thu, 21 Mar, 2019 - (0:56)
Wed, 20 Mar, 2019 - (1:59)
Wed, 20 Mar, 2019 - (1:30)
Wed, 20 Mar, 2019 - (0:43)
Wed, 20 Mar, 2019 - (1:01)
Tue, 19 Mar, 2019 - (0:38)
Mon, 18 Mar, 2019 - (0:47)
Fri, 15 Mar, 2019 - (0:53)