Closing record for the Dow Jones, the Nasdaq gives way


by Caroline Valetkevitch

NEW YORK, Jan.4 (Reuters) – The Dow Jones set a record-breaking record for the second day in a row on Tuesday, driven by financial and industrial stocks in a health environment still deemed encouraging, while the Nasdaq and technology stocks gave way. ground.

The Dow gained 0.59%, or 214.59 points, to 36,799.65 points.

The larger S & P-500 fell 3.02 points, or -0.06%, to 4,793.54 points.

The Nasdaq Composite fell for its part by 210.08 points (-1.33%) to 15 622.72 points.

Within the S&P, sector indices for energy, banks and industry were trending upward.

Bank stocks in particular benefited from the prospect of an interest rate hike this year in the United States. Yields on US Treasuries rose for the second day in a row.

In contrast, investors will “punish growth stocks with high valuations,” predicted Robert Phipps of Per Stirling Capital Management in Austin, Texas.

In particular values, Tesla has yielded more than 4% after gaining more than 13% the day before on quarterly deliveries stronger than expectations.

Ford jumped 11.6% after announcing plans to nearly double its production of F-150 Lightning electric pickups this year to 150,000 units.

(French version Jean-Stéphane Brosse)




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