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The Dow took a breather but the rest of Wall Street nudged up to record closing highs on optimism about future stimulus under the new Biden administration.
Blue chips fizzled into the close to end down 12 points. The S&P 500 crept up 1 point and the Nasdaq jumped 73 points - enough for both to log new closing highs into the record books.
Tech outperformed on Thursday as investors looked for a safe place to hide in a choppy session, says Terence Gabriel. He s the Stocks Buzz analyst at Thomson Reuters. A lot s been built in, so it does seem to be a moment where certainly what have been the winners, some of these value stocks, financials, energy, small caps, they re stumbling where the market is rotating a bit back into some of those sort of bigger cap growth stocks that it feels may be a sort of safer area to concentrate on when you have suddenly uncertainty creeping back in here.
Investors on Wall Street didn t panic Wednesday even as protestors backing President Donald Trump stormed the Capitol and put the building into lockdown. Stocks pared some of their earlier gains, yet. | January 24, 2021