The Dow Industrials breached the 22,000 mark for the first time ever on Wednesday, boosted by a rally in Apple's shares. The S&P 500 information technology index is up 22 per cent year to date, leading other sectors, as investors look for growth in an otherwise low-growth environment. The S&P 500 is trading at about 18 times earnings estimates for the next 12 months, above its 10-year average of 14 times, according to Thomson Reuters Datastream. ET, the Dow Jones Industrial Average was up 47.63 points, or 0.22 per cent, at 22,011.55, the S&P 500 was up 1.83 points, or 0.07 per cent, at 2,478.18. Ten of the 11 major S&P 500 sectors were lower, with the energy index's 0.81 per cent loss leading the decliners.

Source: CBC News August 02, 2017 14:25 UTC