On Tuesday, the bull market expanded beyond technology companies in anticipation of impending interest rate cuts, pushing the Dow Jones Industrial Average to all-time highs.
The Dow established a new intraday record and was headed for its greatest day since June 2023 after rising 716 points, or 1.8%. The small-cap-focused Russell 2000 increased 3.2% and was headed for its sixth day of gains in a row. S&P 500 gains came to 0.6%.
Since technology equities have been the biggest beneficiaries of the 2024 surge thus far, Tuesday’s gains were mostly offset, leaving the Nasdaq Composite almost flat.
Source (CNBC)
