Economic news

Dow hits all-time high in broader market rally

2024.07.12 12:01

(Reuters) – The scaled an intraday record high on Friday, playing catch-up with two other main U.S. indexes in recent broad-based market gains.

The blue-chip 30-stock index was up 0.9% at 40,094.54 points, surpassing its previous intraday all-time high of 40,077.40 points hit in late May.

© Reuters. FILE PHOTO: A screen displays the Dow Jones Industrial Average after the close of trading for the day on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 20, 2024. REUTERS/Brendan McDermid/File Photo

So far this year, the Dow has risen 6.4%, underperforming the broader and the tech-heavy , which have advanced 18.2% and 23.1%, respectively, over the same period.

Growth stocks, powered by technology and semiconductors, have led the market higher in 2024, while the more value-oriented Dow has struggled to keep up.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 82,817.19 0.75%
ethereum
Ethereum (ETH) $ 1,895.38 0.39%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.32 2.12%
bnb
BNB (BNB) $ 580.42 0.23%
solana
Solana (SOL) $ 125.83 0.74%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.721905 0.46%
dogecoin
Dogecoin (DOGE) $ 0.169486 1.17%
tron
TRON (TRX) $ 0.221465 1.48%
staked-ether
Lido Staked Ether (STETH) $ 1,891.90 0.34%
pi-network
Pi Network (PI) $ 1.58 8.01%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,645.14 0.72%
leo-token
LEO Token (LEO) $ 9.75 0.32%
chainlink
Chainlink (LINK) $ 14.00 5.01%
stellar
Stellar (XLM) $ 0.282735 3.50%
usds
USDS (USDS) $ 1.00 0.00%
hedera-hashgraph
Hedera (HBAR) $ 0.192068 2.84%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,266.20 0.49%
avalanche-2
Avalanche (AVAX) $ 18.75 2.05%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 2.61%
sui
Sui (SUI) $ 2.22 2.69%
the-open-network
Toncoin (TON) $ 2.83 2.54%
litecoin
Litecoin (LTC) $ 90.34 0.36%
bitcoin-cash
Bitcoin Cash (BCH) $ 332.60 1.05%
polkadot
Polkadot (DOT) $ 4.10 2.21%
mantra-dao
MANTRA (OM) $ 6.22 4.05%
ethena-usde
Ethena USDe (USDE) $ 0.999881 0.04%
weth
WETH (WETH) $ 1,895.70 0.57%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.99881 0.20%
bitget-token
Bitget Token (BGB) $ 4.28 2.23%
hyperliquid
Hyperliquid (HYPE) $ 13.66 7.93%
whitebit
WhiteBIT Coin (WBT) $ 28.23 1.15%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,014.26 0.62%
monero
Monero (XMR) $ 209.15 0.70%
uniswap
Uniswap (UNI) $ 5.90 0.58%
susds
sUSDS (SUSDS) $ 1.04 0.03%
near
NEAR Protocol (NEAR) $ 2.68 2.89%
dai
Dai (DAI) $ 0.999929 0.01%
aptos
Aptos (APT) $ 5.19 0.25%
pepe
Pepe (PEPE) $ 0.000007 3.66%
ethereum-classic
Ethereum Classic (ETC) $ 18.27 2.50%
ondo-finance
Ondo (ONDO) $ 0.85723 0.43%
internet-computer
Internet Computer (ICP) $ 5.59 0.85%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,840.20 0.60%
okb
OKB (OKB) $ 42.05 0.27%
aave
Aave (AAVE) $ 167.29 3.40%
gatechain-token
Gate (GT) $ 20.44 0.28%
mantle
Mantle (MNT) $ 0.721994 3.96%
official-trump
Official Trump (TRUMP) $ 11.61 6.71%