Dow opens above 23000 on strong IBM results

Federal Hall's George Washington statue stands near the flag-covered pillars of the New York Stock Exchange. Stocks are off to a mixed start on Wall Street Tuesday Oct. 17 2017 as gains for health

Gains for Big Blue on the back of its latest quarterly numbers have pushed the Dow Industrials clear of the 23,000 point mark with investors very much focused on the steady stream of corporate results coming out.

Wall Street ended mostly higher on Tuesday, with both the Dow Jones and the S&P 500 finishing at records, as strong earnings from UnitedHealth and Johnson & Johnson boosted positive sentiment and extended the recent uptrend.

The Standard & Poor's 500 index edged up 1.7 points to 2,559.

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The Dow Jones, which tracks 30 of the biggest United States listed companies, has hit new records several times over the last month on expectations of strong company profits and hopes that President Donald Trump will win backing for his tax cut plan.

Investors are also awaiting the Fed's issue of the Beige Book, a periodic snapshot on the health of the USA economy. Seven of the 11 major S&P sectors were lower, led by 0.47 percent drop in the telecom services index .SPLRCL , followed by 0.42 percent slide in the utilities index .SPLRCU .

The Dow Jones Industrial Average was up 29.42 points, or 0.13 percent, at 22,986.38, after briefly hitting the 23,000 mark earlier.

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The Dow has notched 66 record highs in that time.

Anthem gained 2.6 percent after the health insurer said it signed an agreement with CVS Health to support the company's new pharmacy benefit management business.

Advancing issues outnumbered decliners on the NYSE by 1,374 to 1,351.

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