You are here: Home » International » News » Markets
Business Standard

Dow cracks 23,000 mark for the first time

It's helped by a rally in shares of UnitedHealth and Johnson & Johnson


The Dow Jones Industrial Average breached the 23,000 mark for the first time on Tuesday led by more than 5% gain in UnitedHealth. The broader market however was weighed down by losses in industrial, financial and technology stocks. Shares of the largest U.S. health insurer touched a record high after the company reported a stronger-than-expected profit and raised its full-year earnings forecast. That, along with a 2.4% rise in Johnson & Johnson, led a 0.92% gain in the S&P healthcare sector. Goldman Sachs dipped 1% despite reporting a profit beat and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, October 17 2017. 20:56 IST