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Dow hits record at 26,437 as Intel shares hit dotcom-era highs

Honeywell was marginally up after adjusted earnings narrowly beat estimates and the company raised its forecast for 2018 profit


The Dow Jones Industrial Average opened at a record high on Friday, powered by gains in chipmaker Intel, and the other main indexes were higher as investors shrugged off weaker-than-expected U.S. economic growth data. Intel's shares jumped 7 per cent to their highest in almost two decades, after strong results offered the clearest sign yet that its years-long effort to shift away from a slowing PC business was paying off. AbbVie rose 6.8 percent after reporting upbeat profit on strong sales for its blockbuster drug Humira. The strong earnings helped temper downbeat data ...

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First Published: Fri, January 26 2018. 20:33 IST