Diana Linn, client service associate at Adviser Investments, has the market analysis for Tuesday, August 28. The Dow Jones Industrial Average and S&P 500 saw fractional gains and the NASDAQ advanced 0.2%—just enough to push both the S&P and NASDAQ to new record highs. On the earnings front, Best Buy reported a next-year profit increase and strong earnings. Despite that, the stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. fell 5% as analysts remained skeptical about the electronics retailer’s ability to maintain that pace. Meanwhile, Tiffany & Co. gained nearly 7% in intraday trading after beating profit and sales expectations and reporting a nearly 13% rise in quarterly revenue and an ambitious flagship store remodel and expansion project.
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