(Oct 26): The Dow Jones Industrial Average breached the 23,000 mark to etch yet another record high, driven by index doyen International Business Machine Corp’s (IBM) positive guidance, as well as higher earnings reported by several major US financial institutions. “Recent corporate earnings have been supportive of the bullish tilt, with most of the largest corporates printing better-than-expected numbers,” states OCBC Investment Research in an Oct 19 comment.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe