NEW YORK – The Dow Jones Industrial Average hit a record Tuesday as the floodgates opened for companies reporting how much profit they made during the summer.
The Dow rose 218 points, or 0.5%, and topped its prior all-time high, which was set early this month. The S&P 500 index, which is much more important on Wall Street and dictates the performance of many more 401(k) accounts, was essentially flat and finished 0.3% below its own record, while the Nasdaq composite slipped 0.2%.
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