A Rally on Shaky Ground: The Dow’s Thin Tuesday Gains

The Dow Jones Industrial Average closed Tuesday’s session with a gain of 184 points, finishing at 47,474 and hovering near a record peak. However, a deeper look at the session reveals a concerning lack of breadth, raising questions about the sustainability of the move. Trading volume plummeted to just 15.35 billion shares changing hands, a figure that falls well short of the 20-day average of 18.42 billion. This divergence between price and participation suggests the advance may lack conviction, driven disproportionately by just two components.

Strip away the performance of two key stocks, and the blue-chip index would likely have ended the day in negative territory. Aerospace giant Boeing soared 10.15% to $205.38. This surge was Read more...