{"id":109804,"date":"2017-08-04T01:49:26","date_gmt":"2017-08-04T05:49:26","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=109804"},"modified":"2017-08-04T01:49:26","modified_gmt":"2017-08-04T05:49:26","slug":"dow-jones-posts-7th-straight-record-high-amid-earnings-data","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/04\/dow-jones-posts-7th-straight-record-high-amid-earnings-data\/","title":{"rendered":"Dow Jones posts 7th straight record high amid earnings, data"},"content":{"rendered":"<p>&nbsp;<\/p>\n<figure id=\"attachment_109809\" aria-describedby=\"caption-attachment-109809\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/Dow_Jones_logo_2013.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-109809\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/Dow_Jones_logo_2013-300x68.png\" alt=\"The Dow Jones Industrial Average inched up 9.86 points, or 0.04 percent, to 22,026.10. The S&amp;P 500 shed 5.41 points, or 0.22 percent, to 2,472.16. The Nasdaq Composite Index lost 22.30 points, or 0.35 percent, to 6,340.34. (Photo By: Dow Jones &amp; Company, Inc, Public Domain)\" width=\"300\" height=\"68\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/Dow_Jones_logo_2013-300x68.png 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/Dow_Jones_logo_2013.png 444w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-109809\" class=\"wp-caption-text\"><a href=\"https:\/\/commons.wikimedia.org\/w\/index.php?curid=47476087\">The Dow Jones Industrial Average inched up 9.86 points, or 0.04 percent, to 22,026.10. The S&amp;P 500 shed 5.41 points, or 0.22 percent, to 2,472.16. The Nasdaq Composite Index lost 22.30 points, or 0.35 percent, to 6,340.34. (Photo By: Dow Jones &amp; Company, Inc, Public Domain)<\/a><\/figcaption><\/figure>\n<p>NEW YORK, Aug. 4 &#8212; US stocks closed mixed on Thursday, with the Dow Jones Industrial Average posting its seventh straight record close, as investors digested a batch of corporate earnings report and economic data.<\/p>\n<p>The Dow Jones Industrial Average inched up 9.86 points, or 0.04 percent, to 22,026.10. The S&amp;P 500 shed 5.41 points, or 0.22 percent, to 2,472.16. The Nasdaq Composite Index lost 22.30 points, or 0.35 percent, to 6,340.34.<\/p>\n<p>The Dow has risen over 11 percent and recorded three 1,000-points milestones in 2017. The benchmark climbed above 22,000 on Wednesday, lifted by strong earnings from Apple.<\/p>\n<p>In corporate news, shares of Tesla rallied 6.51 percent on Thursday, after the company reported better-than-expected quarterly results.<\/p>\n<p>Latest data from Thomson Reuters showed that the S&amp;P 500 companies&#8217; blended earnings in the second quarter of 2017 are expected to rise 11.8 percent year on year, while the revenues are forecast to increase 5.0 percent.<\/p>\n<p>Meanwhile, investors also turned their eyes to a slew of economic data, as they tried to find clues on when the Federal Reserve might start the balance sheet reduction.<\/p>\n<p>In the week ending July 29, the advance figure for seasonally adjusted initial claims was 240,000, a decrease of 5,000 from the previous week&#8217;s revised level, according to the US Labor Department Thursday.<\/p>\n<p>The US non-manufacturing activity expanded at a slower pace in July, while businesses surveyed remained optimistic about their business conditions.<\/p>\n<p>The Non-Manufacturing Index, which measures activity in the US service sector, registered 53.9 in July, down 3.5 points from June&#8217;s reading of 57.4, the Institute for Supply Management said in its monthly survey on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; NEW YORK, Aug. 4 &#8212; US stocks closed mixed on Thursday, with the Dow Jones Industrial Average posting its &hellip;<\/p>\n","protected":false},"author":33,"featured_media":109809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,16,17],"tags":[20427,20428],"class_list":["post-109804","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-news-w","tag-dow-jones-industrial-average","tag-nasdaq-composite-index","mauthors-xinhua"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=109804"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/109809"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=109804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=109804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=109804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}