The Dow Jones Industrial Average clambered to a new high Tuesday, putting the blue-chip index within shouting distance of 37,000, a day after it booked its first record since November.
Read: Odds of a March rate hike by the Federal Reserve are back above 50%
To be sure, 1,000-point milestones for the Dow DJIA, +0.59% on their own don’t carry much significance in terms of market fundamentals or even technicals, but some analysts contend they are at least symbolically important as the bull market in stocks appears to maintain its hold in 2022.
That said, the Nasdaq Composite COMP, -1.33% and the S&P 500 SPX, -0.06% indexes were under pressure, down 1.6% and 0.1%, respectively, to underscore the divergence between the benchmark stock gauge and its peers which were driven lower due to losses in technology-related equities.
Read: The S&P 500 beat both Dow, and Nasdaq in 2021 by the widest margin in 24 years. Here’s what history says happens in 2022.
The Dow finished Tuesday up 214.59 points, or 0.6%, to close at an all-time high of 36,799.65, after it established an intraday record at 36,934.84.
That came after a Monday gain of 246.76 points, or 0.7%. #technology #marketwatch #maxco
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