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Sept. 10, 2019, 4:10 p.m. EDT

Dow notches 5th straight gain, marks longest win streak in 3 months; small-caps outperform

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By Mark DeCambre

U.S. stock benchmarks closed mostly higher Tuesday, delivering a late-session jolt higher, backed by gains in energy and materials as bond yields jumped. Meanwhile, small-capitalization stocks delivered a marked outperformance against large caps, underscoring a rotation that appeared to be playing out in the market over the past few sessions, away from higher momentum stocks. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07% finished nearly 74 points at 26,909, booking a fifth straight gain, which would be its best streak since a six-session climb ended June 10. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.48% closed less than 0.1% higher at 2,979, buoyed by a surge in the energy sector /zigman2/quotes/206420077/composite XLE -0.46% , up 1.3%, and materials /zigman2/quotes/204467551/composite XLB +0.02% , which gained 1%, offsetting selling in information tech /zigman2/quotes/207444675/composite XLK +1.26% , down 0.5%, and consumer-staples shares /zigman2/quotes/200844504/composite XLY +0.36% , off 0.6%. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.29% finished down less than 0.1% to close at 8,084. All three benchmarks took a late burst higher in the final minutes of Tuesday trade. Separately, the small-capitalization oriented Russell 2000 index /zigman2/quotes/210598147/delayed RUT -0.47% climbed over 1% on the day, surpassing the other major benchmarks. The moves come as the 10-year Treasury yield climbed more than 10 basis points to 1.72%. Bond yields rise as prices fall. In corporate news, Apple Inc. (TICKER:AAPL) shares gained 2.5% as it announced new model iPhones and other products at its annual launch event Tuesday afternoon.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,383.11
-17.53 -0.07%
Volume: 545.14M
May 29, 2020 5:14p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 38.76
-0.18 -0.46%
Volume: 35.75M
May 29, 2020 4:00p
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/zigman2/quotes/204467551/composite
US : U.S.: NYSE Arca
$ 55.45
+0.01 +0.02%
Volume: 7.39M
May 29, 2020 4:00p
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/zigman2/quotes/207444675/composite
US : U.S.: NYSE Arca
$ 97.97
+1.22 +1.26%
Volume: 17.78M
May 29, 2020 4:00p
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/zigman2/quotes/200844504/composite
US : U.S.: NYSE Arca
$ 124.19
+0.45 +0.36%
Volume: 6.51M
May 29, 2020 4:00p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,489.87
+120.88 +1.29%
Volume: 4.24M
May 29, 2020 5:16p
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/zigman2/quotes/210598147/delayed
US : US Composite
1,394.04
-6.64 -0.47%
Volume: 2.26M
May 29, 2020 4:30p
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