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Dow's Big Day Ends With Record and Best Monthly Gain Since February

The Dow Jones Industrial Average ended the month with style: a new intraday and closing record and its best monthly gain since February.

The Dow added 0.28%, hitting a record close of 21,891. The blue-chip index rose 2.3% for July, its fourth month with gains and its largest increase since a 4.8% rise in February. It was the Dow's fourth session of records in a row.

The S&P 500 dropped slightly, by 0.07%. Even so, the index also enjoyed its largest monthly increase since February. For the month, the S&P 500 rose 2.1%.

The Nasdaq declined by 0.42%.

Boeing Co. (BA) 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...