Dow Closes at Record High as Stocks Power Higher




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Summary: Stocks powered higher on Tuesday. The Dow closed at a record high, 22,830.68, while the Nasdaq and the S&P 500 also closed in the green. Shares of Procter & Gamble Co. fell slightly after CEO David Taylor said that shareholder had re-elected all incumbent directors. But activist investor Nelson Peltz said the results are "too close to call." Procter & Gamble and Peltz' Trian Partners have collectively spent more than an estimated $100 million on mailings, phone calls and advertisements to woo investors, according to Reuters. It could take days to certify the final vote tally. American Airlines Group Inc. stock increased by about 4.5% after raising its third-quarter growth forecasts. The airline anticipates total revenue per available seat mile to climb by 0.5% to 1.5%, up from its previous target of flat to 1% higher. Capacity is expected to climb to 64.6 billion available seat miles, higher than 63.5 billion in the second quarter. Express Scripts was down about 1.8% after agreeing to purchase medical benefit management company eviCore healthcare for $3.6 billion. Express expects the deal to close in the fourth quarter. Watch More with TheStreet: Walmart Is Using This Secret Weapon to Fight Amazon, Jim Cramer Reveals Peter Schiff: Bitcoin Is Not the Money of the Future Ex-Trainer for New York Yankees Gene Monahan Now Has Career in Nascar 5 of the Weirdest Things Burger King Has Tried to Sell You