Dow Slips From Record High Today as Investors Brace for Holiday-Shortened Week and Key June Jobs Report
The Dow Jones Industrial Average pulled back Tuesday, giving up a small portion of the previous session's record-setting rally as investors paused to digest a busy stretch of upcoming economic data ahead of a holiday-shortened trading week.
The blue-chip index fell 109.67 points, or 0.21%, to 52,073.07, a day after closing above 52,000 for the first time in its history. Monday's record finish of 52,182.74 capped a sharp rally across Wall Street, with the index gaining 306.63 points, or 0.59%, on the day, while the S&P 500 rose 1.18% to settle at 7,440.43 and the Nasdaq Composite surged 2.07% to close at 25,820.15.
Monday's advance was driven by easing tensions between the United States and Iran, with President Donald Trump indicating that peace talks between the two countries were set to resume Tuesday, alongside a broad rebound in technology and so-called "Magnificent Seven" stocks following a rough patch the prior week. Alphabet led that charge, jumping roughly 5% in its debut session as a member of the Dow Jones Industrial Average after replacing Verizon in the 30-stock index. Tesla also stood out among megacap names, climbing more than 8% on the day, while Amazon and Meta each advanced more than 2%.
Tuesday's session opened on a more mixed note. Dow futures had pointed modestly higher ahead of the bell, supported by stronger-than-expected manufacturing output data and a more stabilized outlook for industrial production, with investors rotating attention toward cyclical industrial names. Conglomerate 3M led........
