The Dow Jones industrial average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth. The close above 23,000 came just 54 trading days after the Dow hit 22,000 on Aug. 2. On Bay Street, the S&P/TSX composite index fell 34.74 points to finish at 15,782.16. It gave the Dow the boost to stay over 23,000," said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. The financial index jumped 0.6 per cent, led by bank stocks recovering from recent post-earnings losses.

Source: CBC News October 18, 2017 20:14 UTC