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Dow closes at record as earnings outlook improves
Record closes in US benchmarks were supported by robust earnings and revenue growth despite weakness in technology stocks.
The Dow Jones Industrial Average closed at an all time high while the S&P 500 also set a record, even as the Nasdaq slipped. Blended S&P earnings growth reached 13.4 percent, with revenues rising 8.4 percent, the strongest pace since Q3 2022, reflecting sustained corporate profitability.