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Strong show by Caterpillar, McDonald's has S&P at record high, Nasdaq drags

The Nasdaq Composite was down 13.74 points, or 0.21%, at 6,397.07


A set of strong earnings from companies, including Caterpillar and McDonald's, lifted the Dow and drove the S&P 500 to a record high, but the tech-heavy Nasdaq was dragged lower by losses in Google parent Alphabet Inc. Shares of McDonald's surged 5 percent after the fast-food giant posted the biggest rise in sales at established restaurants globally in five years. Caterpillar's shares rose 4.1 percent after the company reported quarterly results that smashed expectations and raised its full-year outlook for the second time this year. However, Alphabet fell 2.6 ...

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First Published: Tue, July 25 2017. 21:10 IST