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Dow Sets New Closing High, Financials Lead

The Dow Jones Industrial Average kicked off the month of December in record-setting fashion. The average eclipsed its new closing high on Thursday, getting boosts from JPMorgan (JPM) and Goldman Sachs (GS) . However, the S&P 500 and the Nasdaq finished in the red on Thursday.

Despite the surge in the Dow, Caterpillar (CAT) announced that earnings estimates were too high for ensuing quarters, however still closed higher on Thursday.

Not faring as well were the...