Dow ascends to record high and nears 22,000

The Dow Jones Industrial Average racked up a fifth straight record high on Tuesday and neared the 22,000 mark, powered by Goldman Sachs, JPMorgan Chase and other banks.

Apple rose 0.89 percent as Wall Street awaited the largest publicly listed company’s quarterly report after the bell, with the iPhone maker expected by analysts to post a 6-percent rise in revenue.

The Dow rose 0.33 percent to a record-high close of 21,963.92. It pierced through the 20,000 milestone in January and the 21,000 mark barely one and a half months later.

The S&P 500 gained 0.24 percent to 2,476.35 and the Nasdaq Composite added 0.23 percent to 6,362.94.

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Posted in: Indian Market Tips