The Dow Jones Industrial Average ended at another record for its second day in a row on Thursday. The blue-chip index has risen over the past three sessions, a streak not seen since mid-December. Indexes that monitored stocks on the Mexican exchange tumbled after Mexican President Nieto called off his meeting with President Trump. Tensions between the two countries have increased over Trump's proposed wall along the border. Caterpillar (CAT) was under pressure after reporting a double-digit percentage drop in sales. The company warned that sales of large construction equipment would likely decline this year. MoneyGram (MGI) surged after Ant Financial, an affiliate of Alibaba (BABA) , agreed to buy the company for $880 million. The purchase values MoneyGram at a 14% premium.
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