Dow Hits Record, Cyclical Stocks Surge, & Tech Retreats
This week, Wall Street wrapped up a pre-holiday rally with its fifth straight winning session. The Dow Jones Industrial Average hit a record close, driven by gains in cyclical stocks like Caterpillar and Deere, as economic optimism fueled investor sentiment. In contrast, tech stocks, including Nvidia and Meta, lagged, reflecting a rotation into sectors tied to economic growth. Retailers like Gap and Ross Stores also soared after strong earnings reports, while the broader market showed resilience amidst subdued Treasury yields and falling volatility. Join us in this episode of Market Deep Dive as we break down the key movers, market trends, and the role of policy changes in shaping this week's gains.
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