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Dow hits record high as broader market treads water


By Noel Randewich(Reuters) - Rising shares of Boeing pulled the Dow Jones Industrial Average up to a record high on Thursday, while the S&P 500 declined marginally as investors saw higher-than-expected inflation increasing the chances of an interest rate hike. The Dow was on track for its third consecutive all-time high close as Boeing rose 1.34 percent after Deutsche Bank raised its price target on the aerospace and defence stock.The S&P 500 and Nasdaq moved lower after a Labor Department report showed consumer prices rose more than expected in August, boosting the odds of another interest ...

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First Published: Fri, September 15 2017. 00:48 IST