Stock market today: Dow slips
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The Nasdaq Composite rallied late on Tuesday to snap its losing streak at three days. The tech-heavy index rose 0.2% after falling nearly 0.6% at its low earlier in the day. The S&P 500 dipped 0.2%. The Dow Jones Industrial Average fell 302 points, or 0.6%.
The Dow Jones Transportation Average shot up 2.6% toward a one-year high, amid hopes that the latest rate cut will help boost economic growth. The index is now trading 1.5% below tis Nov. 25, 2024 rec
Dow Jones at record highs driven by resilient earnings, Fed rate cut expectations, and defence/industrial strength. Analysts see 10% upside potential for 2026.
Major stock indexes closed lower Monday to begin a week highlighted by the Federal Reserve's decision on whether to cut interest rates, with the S&P 500 pulling back after nearing its all-time high.