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Dow Jones rallies on strong earnings from 3M, Caterpillar

3M, Caterpillar notch up gains, lift Dow Jones index


The blue-chip Dow Jones index was on track to record its biggest intraday percentage rise in more than a month on Tuesday, boosted by gains in industrial giants 3M and Caterpillar. The maker of Post-It Notes jumped 6.12 percent and Caterpillar 6.07 percent after the two companies reported stellar quarterly results and gave upbeat forecasts. The two stocks contributed nearly 140 points to the Dow's 170 point rise. United Technologies and McDonald's also notched up gains after reporting results. "At these levels, only companies that have both top-line and ...

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First Published: Tue, October 24 2017. 23:23 IST