Dow briefly rises over 23,000 for first time

The Dow Jones Industrial Average pierced the 23,000 mark for the first time on Tuesday, before edging back and closing just below it. The Dow got a lift from strong earnings from UnitedHealth and Johnson & Johnson that sent their stocks surging. The blue-chip index has gained 2.6 percent this month and logged three previous 1,000-point milestones already in 2017. Analysts, however, say it might take a while for the Dow to close above 23,000 and stay there for an extended time. “Right now, you’re contending with earnings season and the fact that the market has run up leading up into the earnings season,” said Robert Pavlik, chief market strategist at Boston Private Wealth in New York.

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