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Home>UPDATE: Dow's gains beef up as McDonald's stock jumps

UPDATE: Dow's gains beef up as McDonald's stock jumps

UPDATE: Dow's gains beef up as McDonald's stock jumps

09/29/2017

By Mark DeCambre, MarketWatch , Ryan Vlastelica

Financial shares fall, but material sector advances

The Dow industrials traded slightly higher Thursday afternoon as shares of McDonald's rallied, but technology lagged behind, a day after President Donald Trump offered further details on a potential, tax overhaul that could jolt Wall Street stocks up.

What are stocks doing?

The Dow Jones Industrial Average rose 44 points, or 0.2%, at 22,385, with shares of McDonald's Corp., (MCD) delivering a lift to blue chips. The S&P 500 was less than a point higher at 2,506, having ended about 0.1% below its closing record on Wednesday. Financials and consumer-discretionary stocks were off 0.2%. Those groups were offset by a rise in the material sector, up 0.5%, headlined by a 2.9% rise in shares of Eastman Chemical Co. (EMN).

The Nasdaq Composite Index shed 7 points, or 0.1%, to 6,445. The tech-heavy index jumped more than 1% on Wednesday.

The Russell 2000 slipped 0.2% to 1,482. The index of small-capitalization companies ended at a record Wednesday.

The Dow Jones Transportation Average , meanwhile, hit an intraday record at 9,903 on Thursday, and was most recently up 0.4% at 9,884.32. The gauge, which tracks some of the largest U.S. airlines, railroads and trucking companies, also closed at a record on Wednesday.

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