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Surging chip stocks propel S&P 500 and Nasdaq to records

Updated : July 25, 2019 06:19 AM IST

Trade-sensitive Caterpillar Inc dropped 4.5 percent following disappointing earnings on weak sales in China and higher production and restructuring costs.
Boeing Co fell 3.1 percent after the world's largest planemaker posted its largest-ever quarterly loss on the back of this year's grounding of its best-selling 737 MAX after two deadly crashes.
In extended trade, Facebook jumped 4.3 percent after the social network posted quarterly revenue above analysts average estimates.
Surging chip stocks propel S&P 500 and Nasdaq to records
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