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S&P 500, Nasdaq set new record highs, Dow pops by 160 points

It is business as usual for the major indexes (^DJI, ^IXIC, ^GSPC), all closing Tuesday in the green. The Dow Jones Industrial Average pushes ahead by over 160 points while the Nasdaq Composite and S&P 500 boast new record highs.

Market Domination Overtime’s Seana Smith reports on the day’s market performance, while Jared Blikre looks over the sector action across industries and the tech-heavy Nasdaq 100 (^NDX).

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

And that's the closing bell on Wall Street.

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And now it's market domination over time and take a look at where things are settled here today.

It's a record setting day actually for the street, we're going to check in with Jared Bicker there in just a minute.

But take a look at that number on the screen right now.

5500 crossing above that level closing at a record high.

And that's not all.

You've also got the NASDAQ above 18,000 here for the first time.

Taking a look at the Dow not a new record here, but again, closing up just around 100 and 62 points and take a look at that intraday chart here today.

You can see those gains escalating here over the last two hours of the trading session here to close up by just about 4/10 of a percent.

Let's kick it over to Jared buck for a closer look at what was driving today's action, Jared.

Well, thank you, Shana.

You know NASDAQ, excuse me, NASDAQ 18,000.

I remember when Dow 20,000 seemed like forever away.

And well, NASDAQ is right there on its doorstep, but let's take a look at the sector action first and we'll circle back here.

Maybe to the NASDAQ 100 consumer discretionary was the number one sector.

And guess who's in that?

Amazon and Tesla, Tesla having its best day in a number of weeks, they're up 10% as it cracks the $200 level.

But uh back to our sector action, financial is also closing above 1% and then to the downside health care down about a third of a percent energy in the red.

But not seeing a lot of uh big movement to the downside there and looking at some of our leaders, we have guess what New York Fang, we know who that is.

Fang plus stocks, that's a chip stocks plus regional banks plus IP OS, then disruptive tech, then Chinese stocks, that's a pretty varied group of uh stocks at the very top there to the downside.

Bitcoin was the biggest loser down about 2% followed by cannabis and biotech.

But back to the NASDAQ 100 just wanna show you real quickly.

So not a record high for NVIDIA there.

That's the uh the standout red rectangle there.

But let's take a look at Tesla real quick, be doing a deep dive on that later with uh Josh here.

But look at real quick just briefly, we uh dipped above the inverse head and shoulders here and it looks like we're off to the races.

Got a measured move up to somewhere in the two hundreds uh deal with that in about 30 minutes.

And then I just want to take a look at Chinese stocks because those have been under a lot of pressure, but not today, we see Alibaba up 2% jd.com up 1%.

And for the most part, a pretty green day over there.