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Dow on Track for Records as Boeing Gains, Nasdaq Drops

Updated from 12:03 p.m. ET, Monday, July 31.

It was a choppy day of trading on Monday, July 31, as gains in Boeing Co. (BA) set the Dow Jones Industrial Average up for records, while tech losses weighed on the Nasdaq.

The S&P 500 added 0.06% and the Dow Jones Industrial Average was up 0.39%, hitting a record high of 21,915. The Nasdaq declined 0.27%.

The Dow also clocked a new record on Friday, July 28, for the third day in a row, though the S&P 500 and Nasdaq fell short of their own. The latter two had closed at records earlier last week. The S&P 500 was on track for a 1% increase for the month, the Dow a 2.3% gain, and the Nasdaq an increase of 3.8%.

Boeing led the Dow after issuing a positive outlook for sales in India. The aircraft manufacturer expects regional airlines to order up to 2,100 new models over the next two decades, a record forecast for India. Boeing shares were up more than 1% on Monday.

Apple Inc. (AAPL) declined ahead of its earnings report on Tuesday, Aug. 1. The world's largest company is expected to post earnings of $1.57 a share during its quarter that ended in June, a 10% increase from a year earlier. Sales are forecast to have climbed nearly 6% to $44.9 billion.

Other tech companies in the red included Alphabet Inc. (GOOGL) , Facebook Inc. (FB) , Broadcom Ltd. (AVGO) and Netflix Inc. (NFLX) . The Technology Select Sector SPDR ETF (XLK) declined by 0.35%.

Apple, Broadcom, Alphabet and Facebook are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

Discovery Communications Inc. (DISCA) agreed to acquire Scripps Networks Interactive Inc. (SNI) in a cash-and-stock deal worth $14.6 billion. The deal, which values Scripps at $90 a share, represents a 34% premium to Scripps' trading levels on July...