Dow Can Thank Wal-Mart, Boeing For Another Record High

If it wasn't for Wal-Mart and Boeing , the Dow Jones Industrial Average , which is a price-weighted index, would have inched lower to just miss closing at another record high. Wal-Mart's stock rose $3.74, or 4.7%, to close at an all-time high following an upbeat fiscal third-quarter report. Boeing's stock climbed $2.66, or 2.1%. Despite a lack of news, Boeing's stock appeared to accelerate higher in morning trade after it cleared its 200-day moving average at around $127.11, a widely-watched measure that many technical analysts use to track the long-term trend. Combined, Wal-Mart's and Boeing's gains added 41.10 points to the Dow, which closed up 40.59 points at 17,652.79, marking the 25th record-high close of the year.

Copyright © 2014 MarketWatch, Inc.