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.
Reaching a fresh intraday high and on track for its biggest day since June 2023, the Dow gained 755 points, or 1.9%.
The small-cap focused Russell 2000 increased 3.4% and was headed for its sixth day of gains in a row.
S&P 500 gains came to 0.6%. The Nasdaq Composite was only up 0.1% as Tuesday’s gains were mostly offset by technology firms, which have been the biggest beneficiaries of the 2024 rise thus far.
Source (CNBC)
