Closing Bell: AMC Entertainment Tanks; Dow at Another Record, Sixth in a Row

It was another record close for the Dow, its sixth in a row. A positive quarter from Apple sent its shares higher and pushed the Dow to end with slight gains. The blue-chip index surpassed its 22,000 milestone earlier. AMC Entertainment (AMC) - Get Report lost a quarter of its value after warning of a loss in its second quarter far wider than consensus. The theater chain said the U.S. film industry suffered a weak second quarter and anticipates a "very challenging" third quarter. Mondelez (MDLZ) - Get Report topped profit estimates over its recent quarter and announced a dividend hike. The company also said long-time CEO Irene Rosenfeld would step down, though continue on as chairman through to March. Garmin (GRMN) - Get Report rose after adjusted profit and revenue came in higher than expected. The GPS tech company got a boost from fitness products, which offset weakness in its vehicle navigation unit.