Dow Hits New High amid Profits, M&A

Wal-Mart's earnings topped expectations, while Home Depot disappointed. Also in focus: merger news, including a Sirius-XM deal

Stocks finished modestly higher Tuesday, recovering from initial lows, as investors digested mixed earnings news from Wal-Mart (WMT) and Home Depot (HD), along with some takeover deals. The Dow Jones industrial average hit a new all-time closing high.

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