Toronto stock market lower as Dow Jones cruises past 23000 record

Image Traders celebrate on the main trading floor of the NYSE as the Dow Jones Industrial Average passes 20,000 after opening of trading session in New York

"And the global economy is accelerating", said David Joy, chief market strategist at Ameriprise Financial.

"My view is it may pull back before staying above" that level. "Their values are going up every single day", Trump said Wednesday.

The Dow Jones is up 26 percent since Trump's election in November 2016.

Johnson & Johnson reported better-than-expected quarterly results, driven by its pharmaceutical business and its recent acquisition of Swiss biotech Actelion.

Specialist trader Michael Pistillo Jr. wears a dow 23,000 hat, after the dow briefly traded above 23,000, at his post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 17, 2017. The S&P 500 popped 4.3 points to 2563.66 and the Nasdaq gained 8.83 points to 6,632.48.

The dollar climbed higher, tracking higher U.S. Treasury yields, while news on a potential new hawkish Federal Reserve chair and the slow progress of U.S. tax reforms also supported the greenback. Shares of Anthem (ANTM.N) were up 1.9 percent, while shares of Tenet Healthcare (THC.N) were up 5.3 percent.

Goldman Sachs was another contributor to the Dow's gains, jumping almost 2 percent to $240.55 in early trades - just one day after the company reported results that beat expectations but still lagged peers.

UnitedHealth Group Inc beat investors' expectations in its third-quarter earnings report. The stock ended the regular session down 0.2 percent at $146.54.

Investors are also awaiting the Fed's issue of the Beige Book, a periodic snapshot on the health of the USA economy.

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