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Executive Orders Lifts Industrial and Material Sectors as S&P 500, Nasdaq Set Record Highs

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Driven higher by shares in the industrial and materials sector after President Trump signed executive orders aimed at boosting infrastructure spending, the Dow accumulated more than 100 points ahead of Tuesday's close, while the S&P 500 and Nasdaq set new record highs. And although the Dow failed to challenge the elusive 20,000 level, it is set to close at its highest level in more than two weeks.

Stocks were also underpinned by solid quarterly results from Dow component DuPont ( DD ) as well as Alibaba ( BABA ) and Yahoo ( YHOO ) which helped offset misses reported by Johnson and Johnson ( JNJ ) and Verizon ( VZ ).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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