Dow Briefly Tops 19,000 For First Time

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NEW YORK (AP) – Stocks are giving up much of an early gain that briefly put the Dow Jones industrial average above 19,000 for the first time.

Big losses in a few major health care companies are holding back the broader market in midday trading Tuesday.

Medical device maker Medtronic plunged 10 percent after reporting sales that fell short of estimates and cutting its profit forecast. Other health care stocks also fell. Johnson & Johnson gave up 2 percent.

Dollar Tree and Signet Jewelers surged after reporting strong earnings.

The Dow rose 16 points, or 0.1 percent, to 18,973. It went as high as 19,014 earlier.

The Standard & Poor’s 500 index slipped 2 points, or 0.1 percent, to 2,196. The Nasdaq composite edged up 2 points, or 0.1 percent, to 5,371.

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[source: http://dfw.cbslocal.com/2016/11/22/dow-briefly-tops-19000-for-first-time/]