The NASDAQ Composite rallied to a record high on Tuesday, briefly breaking above 10,000 for the first time, as traders loaded up on major technology names while taking profits from stocks that benefit from the economy reopening.
The Dow Jones Industrials sank 300.14 points, or 1.1%, to end Tuesday at 27,272.30, to snap the index’s six-day winning streak.
The S&P 500 gave back 25.21 points to 3,207.18.
The NASDAQ added to Monday’s all-time high by 29.01 points to 9,953.75.
Amazon picked up 3% and Apple gained 3.1%, with each notching all-time highs during the session. Facebook advanced 3.1% and Netflix rose 3.5%. Google-parent Alphabet added 0.3%.
United Airlines and Delta Air Lines each dropped more than 7.5%. Cruise lines Carnival declined 7.5%, and Royal Caribbean docked 10.1%. Retail-related trades Gap and Simon Property Group dropped as well.
Prices for the 10-Year Treasury were higher, lowering yields to 0.82% from Monday’s 0.87%. Treasury prices and yields move in opposite directions.
Oil prices gained 36 cents to $38.75 U.S. a barrel.
Gold prices regained $15.50 to $1,720.60 U.S. an ounce.