Business
Dow Finally Tops 52,000 With Some Help From Its Newest Member
The Dow finally closed above the 52,000 the same day its newest member joined a rally in Big Tech and chip stocks.
The blue-chip index rose 306 points, or 0.6%. Alphabet, which replaced Verizon in the Dow this week, led the index. The S&P 500 rose 1.2%. The Nasdaq rallied 2.1%.
Breadth was actually negative, but the stocks that were rising more than overpowered the stocks that were down. Even the Invesco S&P 500 Equal Weight ETF, normally a proxy for breadth, rose solidly.
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