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Dow closes above 32,000 for first time

Mar 11, 2021 - Axios.com

The Dow Jones Industrial Average rose to a record high on Wednesday, closing above 32,000 for the first time and seeming to cement a changing of the guard for U.S. equities.

What's happening: So far in 2021, the Dow's mix of financial, health care and retail companies has outperformed the tech heavy Nasdaq, thanks in large part to a rise in U.S. interest rates. The increasing cost to borrow has investors writing down the value of not just Big Tech and social media companies, but also fint...