Dow hits record high at market open

Broadcom was off 0.6 percent.

Strong corporate earnings, along with improving economic data and the prospects of changes to the USA tax code, have helped stocks climb higher since President Donald Trump was elected.

Mylan rose 2 percent, a day after the drugmaker raised its full-year forecast.

Qualcomm rose 1.15 percent after Broadcom offered to buy the smartphone chip supplier for $103 billion in what could be the biggest-ever acquisition in the tech sector.

Negotiations on President Donald Trump's tax bill have begun after House Republicans last week unveiled a first draft that proposed a range of cuts aimed at helping businesses, including slashing the corporate rate to 20 percent from 35 percent.

"I think that has to be the main driver", said John Brady, managing director at R.J. "Even if it only goes to 25 percent or 27 percent, it's still moving the right way".

Shares of Sprint fell as much as 14.2 percent to more-than-a-year low after the wireless provider and T-Mobile called off a planned merger. T-Mobile lost 5.72 percent.

The Standard & Poor's 500 index climbed 3.29 points, or 0.1 percent, to 2,591.13.

All three major indexes closed at record highs.

At 12:29 p.m. ET (1629 GMT), the Dow Jones Industrial Average was up 3.75 points, or 0.02 percent, at 23,542.94, the S&P 500 was up 1.7 points, or 0.06 percent, at 2,589.54.

USA stocks set more records Monday as upheaval in oil-rich Saudi Arabia sent crude prices to two-year highs.

The Russell is up 140.83 points, or 10.4 percent.

Advanced Micro Devices rose 5.2 percent on a report that it plans to team up with Intel to form a personal computer chip unit.

European bourses trade near their flatlines, with Germany's DAX and France's CAC flat, and U.K.'s FTSE -0.2%; in Asia, Japan's Nikkei ended +1.7% and China's Shanghai Composite finished +0.8%.

Like this


07 November 2017
Bandai Namco adding more resources for Switch development
Taguchi added that it was possible all the company's brands could see eventual Switch products. "It's a shame, but we didn't think the Switch [would] be accept this fast".

07 November 2017
Satya Nadella interacts with Microsoft employees in Hyderabad
Hyderabad-born Nadella, who took over as CEO of tech giant in 2014, also spoke about his journey in the company. The Tamil and Telugu editions, will be available in print in bookstores from November 7.

07 November 2017
CMP reports 'majority' of power back on for customers
Gina Raimondo ordered a review of that state's main utility in response to the storm as thousands remained without power there. Emera Maine also has more than 800 customers without power, mostly clustered around the Bangor and Bar Harbor areas.

07 November 2017
Raheem Sterling, Jordan Henderson to miss Germany, Brazil friendlies
BC-SOC-England-Injuries, 845 out for England ahead of Germany, Brazil friendliesAP Photo AMB802, BRV107Eds: APNewsNow. England host Germany at Wembley on November 10 before the visit of Brazil four days later.

07 November 2017
Salvation Army Assisting Community Members With Christmas Costs
The bells will be ringing as the annual Lima Salvation Army's "Red Kettle Campaign" kicks off. It's a major fundraiser for the organzation.

07 November 2017
Broncos and Eagles inactives for Week 9 of 2017 season
He immediately made an impact for Philadelphia during his rookie campaign, hauling in 36 receptions for 469 yards and four scores. His 43 receptions rank second among National Football League tight ends, one behind Kansas City's Travis Kelce.

07 November 2017
BMW raises pretax profit guidance regardless of third-quarter earnings decrease
In the automotive segment, BMW's closely-watched Ebit margin fell to 8.3% in the quarter from 8.5% in the year-ago period. Third-quarter pre-tax profit fell 5.9% to €2.4bn against stagnant revenues and rising research and development expenses.

07 November 2017
Siemens Gamesa plans job cull
The decision to cut its workforce was revealed on the sidelines of the release of its financial results for the fiscal year 2017 in which its revenue grew by 5% to €10.96bn.

07 November 2017
Twitter User Posts 35000 Character Tweet Using Undiscovered Loophole
Character length has always been a defining feature of Twitter, but it's also one that's come under debate several times. Nobody knows why Twitter's automatic URL shortener failed to kick in and stop the nonsense.

07 November 2017
Pan American Silver Corp. (USA) (PAAS) Analysts See $0.12 EPS
The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. Following volatility data can help measure how much the stock price has fluctuated over the specified time period.