Both the S&P 500 and the Dow Jones Industrial Average closed at fresh records on Tuesday.
Stock futures are little changed on Tuesday night after the Dow Jones Industrial Average posted its best day since June 2023.
Futures tied to the Dow Jones Industrial Average added 23 points, or 0.06%. S&P 500 futures slipped by 0.02%, while Nasdaq 100 futures inched lower by 0.03%.lost more than 9% after announcing the departure of its chief executive officer and appointment of Kenneth Bull as its new interim president and CEO.dipped 2.
Stocks are coming off of a strong session as investors' rotation into areas outside of technology continued.rallied more than 700 points and closed at an all-time high, while also recording its best session since June 2023. The, with some investors now rotating out of megacap technology and popular artificial intelligence leaders into small caps and cyclical stocks. On Tuesday, theadded more than 3%, notching its fifth straight day of gains.
"The Dow has spent most of the past two years lagging the S&P 500 index, but it has new wind in its sails this summer on the hopes that the market rally will broaden from a narrow set of technology companies into a broader array of companies throughout the economy," said Chris Zaccarelli, chief investment officer of Independent Advisor Alliance.
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