Traders work on the floor of the New York Stock Exchange on June 14, 2024.
Brendan Mcdermid | Reuters
The Dow Jones Industrial Average advanced to new highs on Tuesday, as the bull market broadened out beyond technology names on hopes of forthcoming interest rate cuts.
The Dow surged by 755 points, or 1.9%, hitting a new intraday record and on pace for its best day since June 2023. The small cap-focused Russell 2000 rose 3.4% and was on track for its fifth straight day of gains.
The S&P 500 added 0.6%. The Nasdaq Composite was up just 0.1% as technology shares — the big winners so far in the 2024 rally — largely sat Tuesday’s gains out.
The Dow, 1-day
Industrial bellwether Caterpillar climbed more than 4%,…
