Dow rises 600 points on earnings for shares of Walt Disney, Caterpillar

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The shares of Walt Disney and Caterpillar are posting strong returns on Tuesday morning, causing the Dow Jones Industrial Average to rise sharply. The Dow DJIA,
+ 1.87%
trades 603 points higher (2.0%), as shares of Walt Disney DIS,
+ 3.59%
and Caterpillar CAT,
+ 4.29%
contribute about a third to the index’s intraday rally. Walt Disney’s stock is up $ 7.25 (4.2%), while Caterpillar’s is up $ 7.47 or 4.0%, adding about a 97 point boost for the Dow. American Express AXP,
+ 4.29%,
JPMorgan Chase JPM,
+ 3.46%,
and Boeing BA,
+ 2.82%
also contribute significantly to profit. A move of $ 1 in any of the index’s 30 components results in a swing of 6.58 points.

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