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The Dow rose 100 points, hitting a new record

Photo: Getty Images

The Dow rose 100 points at the market open Wednesday morning, hitting a new record high after quarterly earnings beat Wall Street's expectations, reports CNBC. The S&P 500 and Nasdaq also hit record highs, both climbing 0.2%.

The bottom line: The Dow continues to crush it in 2018.

The latest, from CNBC:

  • Abbott Laboratories, United Technologies, Baker Hughes and NBCUniversal-parent Comcast all reported earnings and revenue that beat analyst estimates.
  • 77% of the S&P 500 companies that reported earnings since Tuesday morning have beaten earnings estimates, and 80% beat revenue expectations, according to FactSet.
  • So far in 2018, the major indexes are up at least 6%.
  • J.P. Morgan CEO Jamie Dimon told CNBC Wednesday that the lower corporate tax rate will also help boost wages and spark an economic boom.

Go deeper

Axios
52 mins ago - Health

U.S. ahead of pace on vaccines

A health care worker administers a dose of the Moderna vaccine in Ruleville, Mississippi. Photo: Rory Doyle/Bloomberg via Getty Images

The U.S. is now vaccinating an average of 2 million people a day, up from 1.3 million in early February.

Why it matters: That puts us on track to hit President Biden's goal of 100 million doses a month ahead of schedule.

Go deeper (1 min. read)Arrow
Axios
Updated 3 hours ago - Politics & Policy

Harris breaks tie as Senate proceeds with lengthy debate on COVID relief bill

Photo: Oliver Contreras/Bloomberg via Getty Images

The Senate on Thursday voted 51-50 — with Vice President Kamala Harris breaking the tie — to proceed to debate on President Biden's $1.9 trillion coronavirus rescue package, likely setting up a final vote this weekend.

The state of play: Sen. Ron Johnson (R-Wis.) is forcing the Senate clerk to read the entire 628-page bill on the floor, a procedural move that will likely add 10 hours to the 20 hours already allotted for debate.

Go deeper (1 min. read)Arrow
Barak Ravid, author of from Tel Aviv
4 hours ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Go deeper (1 min. read)Arrow