Dow soars to open above 23000 for the first time

Dow soars to open above 23000 for the first time

Dow soars to open above 23000 for the first time

The Dow Jones industrial average closed above 23,000 for the first time, thanks largely to IBM, which posted its biggest one-day gain since January 2009 after reporting strong quarterly results.

The Toronto Stock Exchange's S&P/TSX composite index was down 34.74 points to 15,782.16.

The Dow Jones Industrial Average was up 29.42 points, or 0.13 percent, at 22,986.38, after briefly hitting the 23,000 mark earlier.

"We continue to see solid numbers above expectations, stability in terms of economic growth and global growth", said Omar Aguilar, chief investment officer for equities at Charles Schwab Investment Management.

The Standard & Poor's 500 index rose 1.90 points, or 0.1 percent, to 2,561.26.


Canada's main stock index lost ground today, while USA stock markets hit new records with the Dow Jones sailing past the 23,000 mark. Six of the 11 major S&P sectors were lower, led by 1.32 percent drop in the telecom services index.

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.

Netflix slipped 1.5 percent after touching a record high as more subscribers signed up for its popular original content in the latest quarter.

Shares of Wells Fargo, Bank of America and Goldman Sachs rose between 1.2 percent and 2.2 percent.

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