DOW HITS ALL-TIME HIGH BUT TECH STOCKS GET CRUSHED
The Dow Jones industrial average broke through its previous intraday all-time high of 18,668 as soon as the market opened for trading on Thursday.
As of 1:45 p.m. ET, the Dow was trading up 201 points, at 18,791 — its high for the day. The index ticked to its highs after a press conference with President Barack Obama and President-elect Donald Trump.
On the other hand, the tech-heavy Nasdaq was getting slammed, down 63.84 points at 4,761, a 1.32% drop. This is well off the indexes jump at the open when the Nasdaq was up 0.81%.
The S&P 500 is up 9.1 points, a 0.42% gain after jumping nearly 0.80% to start the day.
The rally and record come two days after the futures markets were down more than 800 pointsduring the US presidential election on Tuesday night.
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