Dow surges 700 points as S&P 500 hits new record high
The Dow Jones Industrial Average rose 700 points on Tuesday, pushing the S&P 500 to a new intraday high. Caterpillar shares jumped 10% following a strong earnings report, while Meta and Microsoft stocks declined due to investor concerns over AI spending.
Key facts
- Dow up 700 points
- S&P 500 hits new intraday high
- Caterpillar stock rose 10% after strong earnings
- Meta and Microsoft stock fell on AI spending concerns
Entities
Institutions
- Caterpillar
- Meta
- Microsoft
Sources
- Quartz —