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Dow hits all-time high in broader market rally
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Dow hits all-time high in broader market rally
Jul 12, 2024 9:08 AM

July 12 (Reuters) - The Dow Jones Industrial Average

scaled an intraday record high on Friday, playing catch-up with

two other main U.S. indexes in recent broad-based market gains.

The blue-chip 30-stock index was up 0.9% at 40,094.54

points, surpassing its previous intraday all-time high of

40,077.40 points hit in late May.

So far this year, the Dow has risen 6.4%,

underperforming the broader S&P 500 and the tech-heavy

Nasdaq Composite, which have advanced 18.2% and 23.1%,

respectively, over the same period.

Growth stocks, powered by technology and

semiconductors, have led the market higher in 2024, while

the more value-oriented Dow has struggled to keep up.

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