Dow closes above 23000 mark in 54-day run-up

Federal Hall's George Washington statue stands near the flag-covered pillars of the New York Stock Exchange. Stocks are off to a mixed start on Wall Street Tuesday Oct. 17 2017 as gains for health

Apple shares gained 1.8 percent following a bullish brokerage call on the iPhone maker.

The Dow Jones Industrial Average hit a new intra-day high in early Wednesday trading, climbing 111.90 points to 23,109.34. Packaged food and beverage companies were also big laggards. The latest 1,000-point increase was covered in roughly half the time it took the index to move from 21,000 to 22,000.

Strong earnings results from IBM propelled the Dow 114.49 points - or 0.5 percent - at the open, sending the index of 30 blue chip stocks to 23,111.93. On the Nasdaq, 1,569 issues rose and 746 fell. Trump said Tuesday afternoon that the White House has been involved in the plan, which he called a "short-term deal".

Abbott rose 1.63 percent after the company's profit beat estimates, driven by strong sales in its medical devices business. The company's stock rose 3.43 per cent to close at 140.79 Dollars a share on Monday. Shares of banks mostly slipped last week after they reported results.

Arsene Wenger Admits January Exits 'Possible' for Alexis Sanchez, Mesut Ozil
Arsene Wenger admits it's possible that Sanchez will go in January. "In our situation, we have envisaged every solution". Asked if he had imposed a deadline for them to sign new deals, Wenger said: "No not at the moment".

Imran should appear before ECP, advises Shah
Earlier in the day, the ECP had issued non-bailable arrest warrants of Imran in relation to a contempt of court case against him. Earlier, a bailable warrant was issued against the PTI chief when he reportedly failed to appear before the court.

Nawaz Sharif requests court for 15-day relief, gets 1 day
Nawaz was disqualified by the Supreme Court in July for not declaring a source of income that he disputes receiving. Two of Sharif's sons are also due to appear before the NAB court, along with Finance Minister Ishaq Dar.

Among the big names scheduled to report earnings this week are American Express, Verizon Communications and General Electric.

Crude oil was about 0.25 percent higher with prices at $52 per barrel. The gains were limited because of lingering damage from Hurricanes Harvey and Irma.

Hopes of USA tax reform have received a boost lately after the House passed a $4.1 trillion budget. Brent crude, used to price worldwide oils, rose 6 cents to close at $57.88 a barrel in London. Silver slid 33 cents to $17.04 an ounce.

The December gold contract was down US$3.20 to US$1,283.00 an ounce and the December copper contract was down two cents to US$3.18 a pound.

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