(Reuters photo)NEW YORK - The Nasdaq crossed the 6,000 threshold for the first time on Tuesday, while the Dow registered triple-digit gains as strong earnings underscored the health of Corporate America. The tech-heavy Nasdaq rose as much as 0.70% to hit a record level of 6,026.02, powered by gains in index heavyweights Apple and Microsoft. Overall profits of S&P 500 companies are estimated to have risen 11% in the first quarter - the most since 2011, according to Thomson Reuters I/B/E/S. The Dow outperformed other major sectors, largely due to a surge in Caterpillar after they reported better-than-expected profits. The S&P 500 index showed 80 52-week highs and three lows, while the Nasdaq recorded 194 highs and 36 lows.

Source: Bangkok Post April 25, 2017 17:37 UTC