INSUBCONTINENT EXCLUSIVE:
NEW YORK: US stocks shrugged off a weak start to climb higher on Tuesday, as Intel boosted technology stocks and pushed the Dow Jones
Industrial Average to a record high.
Intel jumped 5.1 per cent, but analysts could not find a new trigger, with some suggesting that the
1.20 per cent, its strongest gain in what is set to be a four-day rally, while technology stocks rose 0.48 per cent.
Eight of the 11 major
SP sectors were higher, compared with only three gainers earlier in the session
Industrial Average was up 0.49 per cent, at 26,780.56, easing after hitting a record high of 26,793.35
The SP 500 was up 0.16 per cent, at 2,929.15, while the Nasdaq was little changed at 8,041.40.
But, underscoring the influence of large-cap
stocks, declining issues outnumbered advancers for a 1.29-to-1 ratio on the NYSE and a 1.71-to-1 ratio on the Nasdaq.
The smallcap Russell
2000 index was off 0.59 per cent
Smaller names had been seen as more immune to trade pressures and had dropped on Monday after the NAFTA deal was salvaged.
Also holding on
to their losses were financials, which shed 0.3 per cent as US lenders followed their Italian peers lower after a senior lawmaker in one of
and weighed on Wall Street earlier in the day.
