Wall Street Preview: Is the Dow About to Hit 22,000?
U.S. stock futures pointed to gains for Wall Street at the open of trading on Wednesday, Aug. 2, with the Dow Jones Industrial Average poised to top 22,000 as shares of Apple Inc. (AAPL) - Get Report surged following its strong earnings report. On Tuesday, Aug. 1, the Dow began the new month with a bang, sealing a new record close for its fifth session in a row. The Dow added 0.33% to close at 21,962, a record close, after striking an all-time intraday high of 21,990 earlier in the session. The other major U.S. markets followed the Dow higher, though missed out on record closes. The S&P 500 increased 0.24% and the Nasdaq added 0.23%.
The economic calendar in the U.S. on Wednesday includes the ADP Employment Report for July at 8:15 a.m. ET, and Oil Inventories for the week ended July 28, at 10:30 a.m.
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