Dow Jones Industrial Average books 2nd record close of 2022 but tech stocks get whacked Tuesday
MarketWatch
1/4/2022
© Marketwatch
The Dow Jones Industrial Average on Tuesday booked its second record finish in as many sessions in 2022, deepening its move to all-time highs, but the broader market finished lower, under pressure amid newfound selling in government debt that drove long-term yields higher and interest-rate sensitive information technology shares lower.
Video: Dow falls sharply amid lockdown, lower consumer spending concerns (NBC News)
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![Sanders: ‘We should bring [abortion rights] bills up again, and again, and again’](http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAXhVD9.img?h=96&w=170&m=6&q=60&o=t&l=f&x=503&y=191 "Sanders: ‘We should bring [abortion rights] bills up again, and again, and again’ - Provided by NBC News")
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Buffalo mayor after shooting: 'I believe what happened ... yesterday is going to be a turning point' for country Buffalo Mayor Byron Brown (D) joins Meet the Press the morning after a white 18-year-old wearing body armor and carrying an assault rifle opened fire at a supermarket in an African-American neighborhood in his town.
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Full Buffalo Mayor: 'We have to take action to stop' mass shootings Buffalo Mayor Byron Brown (D)
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After mass shooting, Buffalo joins Charleston, Pittsburgh, El Paso in ethnic mass attacks A white 18-year-old wearing body armor and carrying an assault rifle opened fire at a supermarket in an African American neighborhood. Ten people were killed, nine of them and three others were wounded, two of them Black.
The Dow closed up about 215 points, or 0.6%, to finish at 36,799 and carved out an intraday record high at 36,934.84. The S&P 500 index ended off 3 points, or 0.1%, to close at 4,793, but established its own intraday record on Tuesday at 4,818.62.
However, the Nasdaq Composite Index was pummeled, down 1.3%, or 210 points, to reach 15,622, finishing off its weakest level in the session at 15,512.41.
In corporate stocks, shares of Ford Motor Co. jumped over 11%, hitting a 21-year high, after the auto maker said it plans to nearly double production of its all-electric F-150 Lightning pickups at its Dearborn, Mich., facility to 150,000 trucks a year to meet “soaring customer demand.”
In economic data, the Institute for Supply Management said its December manufacturing index dropped to an 11-month low of 58.7% compared with 61.1% in November. Economists surveyed by The Wall Street Journal had expected a reading of 60%. A figure above 50% indicates an expansion in activity.
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