Midday Report: BlackBerry Shows Surprise Profit; Dow Closes in on 20,000

The Dow Jones Industrial Average closes in on its 20,000 milestone after moving above its all-time closing highs.
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The Dow Jones Industrial Average closed in on its 20,000 milestone after moving above its all-time closing highs. The blue-chip index previously hit the 19,000 mark just a month ago. BlackBerry (BBRY) led the telecom sector higher after posting surprise quarterly profit, a sign its turnaround plans have begun to gain traction. BlackBerry also upped its earnings outlook for 2017. Darden Restaurants (DRI) - Get Report reported a surge in second-quarter profit. Earnings nearly doubled while same-store sales rose 1.7%, 200 basis points above forecasts. Same-store sales at Olive Garden increased just over 2%. Salesforce (CRM) - Get Report was initiated with a buy rating an $100 price target at Drexel Hamilton. Analysts said its move into the cloud would provide attractive growth over the next decade.