The Dow Jones Industrial Average ended Tuesday’s session at an all-time high, as enthusiasm over the artificial-intelligence trade faded and investors pivoted into sectors that represent broader areas of the U.S. economy.
Drugmaker Merck & Co.
MRK, biopharmaceutical company Amgen Inc. AMGN and athletic-apparel giant Nike Inc. NKE led the Dow higher. The blue-chip stock index DJIA rose 559.33 points, or almost 1.2%, to end at 47,927.96, while the tech-heavy Nasdaq Composite COMP slipped 58.87 points, or 0.3%, to 23,468.30. Meanwhile, the large-cap benchmark S&P 500 SPX eked out a gain of 14.18 points, or 0.2%, helped by a rotation by investors into sectors such as healthcare, energy and consumer staples.
Dow’s banner day points to investor pivot beyond S&P 500’s top winners
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The Dow Jones Industrial Average ended Tuesday’s session at an all-time high, as enthusiasm over the artificial-intelligence trade faded and investors pivoted into sectors that represent broader areas of the U.S. economy.
Drugmaker Merck & Co.
MRK, biopharmaceutical company Amgen Inc. AMGN and athletic-apparel giant Nike Inc. NKE led the Dow higher. The blue-chip stock index DJIA rose 559.33 points, or almost 1.2%, to end at 47,927.96, while the tech-heavy Nasdaq Composite COMP slipped 58.87 points, or 0.3%, to 23,468.30. Meanwhile, the large-cap benchmark S&P 500 SPX eked out a gain of 14.18 points, or 0.2%, helped by a rotation by investors into sectors such as healthcare, energy and consumer staples.
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