Dow Jones Industrial Average Latest News: Dow, S&P Stay Near Record Highs in Tight-Range Session

Wochit 1:23 mins

The Dow industrials and the S&P 500 kept close to record intraday highs in a tight trading range, with healthy earnings from United Technologies bolstering the blue-chip Dow. The stock market is closing at a record high despite a disappointing quarterly performance from McDonald's.But the price of gold broke above the $1,300 mark for the first time in a month, and gave mining stocks a lift. Gold rose $43.10, or 3 percent, to $1,336 an ounce. Microsoft has long been the leader when it comes to personal computing, but the advent of mobile marked a major paradigm shift that Microsoft still hasn't gotten a grasp on. Microsoft still dominates the PC market by a staggering margin; Windows currently powers 91.5% of all PCs currently in use, according to Net Applications' June data. But there's a huge problem: The PC market isn't where the growth or profits are anymore when it comes to connected devices. In a recent post on his blog titled "The irrelevance of Microsoft," mobile analyst Benedict Evans shared a few charts that help illustrate why Microsoft is facing such a huge conundrum right now.

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