(Reuters) - The Dow Jones Industrial Average racked up a fifth straight record high on Tuesday and neared the 22,000 mark, powered by Goldman Sachs, JPMorgan Chase and other banks. Apple rose 0.89 percent as Wall Street awaited the largest publicly listed company's quarterly report after the bell, with the iPhone maker expected by analysts to post a 6-percent rise in revenue. The S&P 500 information technology index is up 22 percent year to date, leading other sectors. The Dow has risen 11 percent in 2017, even as Wall Street loses confidence that President Donald Trump and a Republican-controlled Congress this year will cut taxes and increase spending on infrastructure. Advertisement Continue reading the main storyWith two thirds of S&P 500 companies having reported their second-quarter earnings, 72 percent have beaten Wall Street's expectations, according to Thomson Reuters I/B/E/S.

Source: New York Times August 01, 2017 13:04 UTC