Investor Alert

New York Markets Open in:

Market Pulse Archives

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

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

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)
  • X
    Energy Select Sector SPDR ETF (XLE)

or Cancel Already have a watchlist? Log In

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 -0.95% 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 -0.39% closed less than 0.1% higher at 2,979, buoyed by a surge in the energy sector /zigman2/quotes/206420077/composite XLE -0.52% , up 1.3%, and materials /zigman2/quotes/204467551/composite XLB -0.17% , which gained 1%, offsetting selling in information tech /zigman2/quotes/207444675/composite XLK -0.95% , down 0.5%, and consumer-staples shares /zigman2/quotes/200844504/composite XLY -0.20% , off 0.6%. The Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.83% 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 -0.41% 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.

US : Dow Jones Global
-255.68 -0.95%
Volume: 293.61M
Oct. 18, 2019 5:08p
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
US : U.S.: NYSE Arca
$ 57.03
-0.30 -0.52%
Volume: 10.28M
Oct. 18, 2019 8:00p
US : U.S.: NYSE Arca
$ 57.51
-0.10 -0.17%
Volume: 3.08M
Oct. 18, 2019 8:00p
US : U.S.: NYSE Arca
$ 80.91
-0.78 -0.95%
Volume: 8.73M
Oct. 18, 2019 8:00p
US : U.S.: NYSE Arca
$ 122.17
-0.24 -0.20%
Volume: 2.06M
Oct. 18, 2019 8:00p
US : U.S.: Nasdaq
-67.31 -0.83%
Volume: 1.82M
Oct. 18, 2019 5:16p
US : US Composite
-6.36 -0.41%
Volume: 1.06M
Oct. 18, 2019 5:51p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.