STOCKS RALLY: Here's what you need to know
But markets got more political bombshells in the final hour of trading.
The major indexes pared gains after the Washington Post reported that a White House official close to President Donald Trump is now a person of interest in the Russia probe. And, The New York Times reported that T rump told Russian diplomats in an Oval Office meeting last week that his firing of "nut job" FBI Director James Comey had taken "great pressure" off of him.Here's the scoreboard:
- Dow: 20,804.84, +141.82, (0.69%)
- S&P 500: 2,381.73, +16.01, (0.68%)
- Nasdaq: 6,083.70, +28.57, (0.47%)
- Deere & Company reported second-quarter earnings that were ahead of Wall Street's expectations, and raised its profit forecast . "John Deere reported strong results in the second quarter as market conditions showed signs of further stabilization," chairman and CEO Samuel R. Allen said in the earnings release.
- Jim Donovan, a Goldman Sachs executive, has withdrawn his name from consideration for Deputy Treasury Secretary , according to Politico . Donovan was nominated on March 14 and was one of a handful of Goldman alums named to administration positions, including Treasury Secretary Steven Mnuchin and National Economic Council director Gary Cohn.
- The US oil-rig count rose for an 18th straight week . O il-rigs rose by eight to 720, and gas rigs increased by eight to 180. Miscellaneous rigs were unchanged at one, taking the total up 16 to 901 rigs.
- Campbell Soup missed on sales and earnings . The company was hurt by higher promotions and weak demand for condensed soups, broths and V8 vegetable juices. It warned that full-year sales could decline.