(CNBC) The Dow Jones industrial average eked out a record close on Thursday, erasing sharp losses, as Wall Street bet on further gains from corporate earnings.
The 30-stock index finished just above the flatline, while Travelers rose 2.4 percent and was the biggest contributor to the gains on the Dow. Travelers reported earnings per share that easily beat expectations.
The Dow had fallen 104.93 points at its session lows. Tech giant Apple saw its stock decline 2.5 percent, amid speculation of poor demand and cuts in production of iPhone 8. The stock was also posted its biggest one-day decline since Aug. 10.
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