The Dow held onto solid gains through the session on Wednesday after slaying its 20,000 milestone at the market open. The index ended with its second straight day of triple-digit gains, a streak last seen following the November election. Textron (TXT) crumbled after posting a decline in earnings and revenue in its fourth quarter, while announcing the purchase of all-terrain vehicle maker Arctic Cat. The deal is worth just under $250 million. Texas Instruments (TXN) rose after reporting a double-digit percentage increase in quarterly profit. Analog chip sales increased 10%, sales of embedded processors rose more than 6%. Crude settled lower after a weekly reading on inventories showed an increase for the third week in a row. Crude stocks rose by 2.8 million barrels, far higher than consensus.
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