Dow Jones rises to record high as energy firms keep climbing

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Major US stock indexes set records again on Tuesday as energy companies continued to climb following international deals that will cut oil production&period;<&sol;p>&NewLine;<p>Big-name technology companies like Apple and IBM also traded higher as the Dow Jones industrial average closed above 19&comma;900 for the first time&period;<&sol;p>&NewLine;<p>The Dow finished at an all-time high for the seventh consecutive trading day with the biggest gain going to IBM&comma; while Apple and Exxon Mobil also finished near the top&period;<&sol;p>&NewLine;<p>Energy companies rose for the ninth day out of the last 10 as investors anticipated steadier oil prices and larger profits&period;<&sol;p>&NewLine;<p>Technology companies also jumped&comma; moving higher in the last few days after they had mostly lagged the market during its post-election rally&period;<&sol;p>&NewLine;<p>JJ Kinahan&comma; TD Ameritrade&&num;8217&semi;s chief strategist&comma; said stocks surged since the presidential election because&comma; after a long campaign&comma; investors have a better idea which policies the country will adopt&period;<&sol;p>&NewLine;<p>The Dow Jones industrial average climbed 114&period;78 points&comma; or 0&period;6&percnt;&comma; to 19&comma;911&period;21&period; The blue-chip index went as high as 19&comma;953&period; The Standard &&num;038&semi; Poor&&num;8217&semi;s 500 index picked up 14&period;76 points&comma; or 0&period;7&percnt;&comma; to 2&comma;271&period;72&period; The Nasdaq composite climbed 51&period;29 points&comma; or 0&period;9&percnt;&comma; to 5&comma;463&period;83&period;<&sol;p>&NewLine;<p>Energy companies rose for the fifth consecutive day&period; Exxon Mobil climbed 1&period;60 US dollars&comma; or 1&period;8&percnt;&comma; to 92&period;58 dollars and Noble Energy advanced 1&period;80 dollars&comma; or 4&period;5&percnt;&comma; to 41&period;64 dollars&period;<&sol;p>&NewLine;<p>Opec countries agreed on November 30 to trim oil production next year&comma; and over the weekend a group of 11 other nations also agreed to make cuts with the aim of propping up the price of oil following a two-year slump&period;<&sol;p>&NewLine;<p>Technology companies jumped as a group of tech executives&comma; including the CEOs of Apple and Microsoft&comma; prepare to meet with President-elect Donald Trump on Wednesday&period;<&sol;p>&NewLine;<p>On Tuesday&comma; Apple added 1&period;89 dollars&comma; or 1&period;7&percnt;&comma; to 115&period;19 dollars&period; IBM was the biggest gainer on the Dow&comma; as it picked up 2&period;79 dollars&comma; or 1&period;7&percnt;&comma; to 168&period;29 dollars&period;<&sol;p>&NewLine;<p>Consumer-focused companies rose more than the rest of the market with online retailer Amazon rising 14&period;22 dollars&comma; or 1&period;9&percnt;&comma; to 774&period;34 dollars&period;<&sol;p>&NewLine;<p>Some companies that have performed very well over the last five weeks lost ground&period; <&sol;p>&NewLine;<p>Basic materials and industrial companies traded slightly lower and banks&comma; which have soared since the election&comma; rose less than the rest of the market&comma; and larger companies did much better than smaller ones&period;<&sol;p>&NewLine;<p>Investors expect the Federal Reserve to raise interest rates when it ends a policy meeting on Wednesday&period;<&sol;p>&NewLine;<p>The central bank last raised interest rates a year ago&period; It has kept rates very low since the 2008 financial crisis&comma; but its leaders have suggested the US economy is improving enough that it is time to start gradually raising rates&period;<&sol;p>&NewLine;<p>Government bond prices rose slightly&period; The yield on the 10-year Treasury note dipped to 2&period;47&percnt; from 2&period;48&percnt;&comma; its highest level since June 2015&period;<&sol;p>&NewLine;<p>Gold fell 6&period;80 dollars to 1&comma;159 dollars an ounce&period;<&sol;p>&NewLine;<p>The FTSE MIB in Italy jumped 2&period;5&percnt; and UniCredit&comma; the largest Italian lender&comma; soared 16&percnt; after it said it will unload 18&period;8 billion dollars in soured loans&comma; raise billions in cash&comma; and cut thousands more jobs&period;<&sol;p>&NewLine;<p>Germany&&num;8217&semi;s DAX rose 0&period;8&percnt; and the French CAC-40 gained 0&period;9&percnt;&period; In Britain&comma; the FTSE 100 rose 1&period;1&percnt;&period; Blue-chip stocks also led the way in Europe&period;<&sol;p>&NewLine;<p>Tokyo&&num;8217&semi;s Nikkei 225 rose 0&period;5&percnt;&period; The Kospi in South Korea climbed 0&period;4&percnt; and the Hang Seng of Hong Kong added 0&period;1&percnt;&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68cd3cdab92b4">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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