Wednesday, April 21

S&P, Nasdaq close at records after reassuring chip news

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2019. REUTERS/Brendan McDermid

(Reuters) – The S&P 500 and Nasdaq hit record closing highs on Wednesday after reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings reports from Boeing and Caterpillar.

The Dow Jones Industrial Average .DJI fell 81.44 points, or 0.3%, to 27,267.75, the S&P 500 .SPX gained 13.97 points, or 0.46%, to 3,019.44 and the Nasdaq Composite .IXIC added 69.69 points, or 0.84%, to 8,321.09.

Reporting by Sinéad Carew; Editing by Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.

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