Dow Rises Another 126

Strong earnings reports help
By Newser Editors and Wire Services
Posted Aug 7, 2018 3:18 PM CDT
Trader Robert Oswald works on the floor of the New York Stock Exchange Tuesday, Aug. 7, 2018.   (AP Photo/Richard Drew)

(Newser) – Solid gains in technology, industrial, and banking stocks sent US indexes higher again on Wall Street. The Dow Jones Industrial Average rose 126 points, or 0.5%, to 25,628 per the AP. The Nasdaq composite climbed 23 points, or 0.3%, to 7,883, and the S&P 500 index rose 8 points, or 0.3%, to 2,858. Investors were encouraged by more strong quarterly results from US companies. Hertz, for example, soared 24.6% after reporting a loss that was far smaller than analysts were expecting. Also of note, Google's parent company, Alphabet, rose 1.5% on Tuesday.

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