Dow Hits New Record As Banks Rally, Offsetting Nasdaq Decline
By Staff Reporter
Posted on 01/06/21
| News Source: FOX Business
The Democrats may ding big tech in Senate
The Dow Jones Jones Industrial Average closed 437 points higher or 1.4% with gains in Goldman Sachs, JPMorgan and Caterpillar. The S&P 500 rose 0.57% lifted by materials and financials.
U.S. banks are seen benefiting from rising Treasury yields which pushed the 10-Yr. note above 1%.
The Nasdaq slipped back into negative territory as Apple, Facebook and Amazon remained lower on concerns a Democratic Senate will be tougher on large-cap tech. Read more a FOX Business