DJIA Reaches All-Time High Close Close to 47,000; Strong Earnings from 3M and Coca-Cola Propel Index; Tech Stocks Decline

US Stock Market Performance: US stocks experienced mixed results, with the DJIA reaching a new closing high of 46,924, while the S&P 500 remained nearly flat and the Nasdaq fell by 0.2%.

Earnings Reports: General Motors reported a significant earnings beat and raised its profit forecast, leading to a 15.7% increase in its stock price, while Coca-Cola and 3M also saw stock price increases of 4.1% and 7.7%, respectively.

Tech Sector Decline: The tech sector faced challenges as uncertainty arose from President Trump's comments about a potential meeting with Chinese President Xi Jinping, causing stocks like Alphabet, Broadcom, and Nvidia to decline.

Market Reactions: The overall market showed disorientation following strong earnings from traditional companies, highlighting a contrast between blue-chip performance and tech sector struggles.