NEW YORK, July 27 — All three major US stock indexes eked out record closing highs for a second straight session on Monday as investors were optimistic heading into a slew of earnings from heavyweight technology and internet names this week, while caution ahead of a Federal Reserve policy meeting kept the market in check.
The vast majority of second-quarter earnings have handily beaten analysts’ expectations so far, bumping up the already huge projected growth for the second quarter, according to Refinitiv data. 3M Co, up 0.6 per cent, is due to report on Tuesday while Boeing Co, up 2 per cent, is set to report on Wednesday.
The Dow Jones Industrial Average rose 82.76 points, or 0.24 per cent, to 35,144.31, the S&P 500 gained 10.51 points, or 0.24 per cent, to 4,422.3 and the Nasdaq Composite added 3.72 points, or 0.03 per cent, to 14,840.71. E-commerce company Alibaba Group and search engine Baidu Inc, two of the largest Chinese stocks listed in the United States, were lower. Alibaba fell 7.2 per cent and Baidu dropped 6 per cent.
Dear MM, the correct word is 'indices'