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.