Business, Finance & Tech
Mixed Day on Wall Street: Dow Nears 52K Record While Tech Drags Nasdaq Down
NEW YORK — Wall Street delivered a sharply divided performance at the closing bell on Tuesday, with blue-chip stocks hitting historic highs while tech-heavy indexes suffered noticeable pullbacks. The split session highlighted a distinct rotation as investors shifted money out of high-flying technology equities and into traditional industrial sectors.
The Dow Jones Industrial Average served as the day's primary bright spot, surging 328.64 points, or 0.64%, to cross the finish line at a record-breaking 51,999.67. The rally brought the index within striking distance of the psychological 52,000 threshold, fueled by positive momentum in financials, transport, and manufacturing sectors.
In contrast, the broader markets faced strong headwinds from a tech sector cool-down. The S&P 500 slid 42.94 points, or 0.57%, to close out the afternoon session at 7,511.35. The tech-heavy Nasdaq Composite bore the brunt of the afternoon's profit-taking, sliding 307.60 points, or 1.15%, to wrap up trading at 26,376.34.
Financial analysts noted that the mixed market activity comes as traders maintain a cautious stance ahead of major macroeconomic announcements. The Federal Reserve kicked off its highly anticipated two-day June policy meeting on Tuesday, keeping investors on edge regarding the central bank's upcoming outlook on inflation, interest rate projections, and economic growth.
Explore NBCPalmSprings.com, where we are connecting the valley.
By: NBC Palm Springs
June 16, 2026
Latest Instagram Posts
Social Time with Thalia & Jerry
What do you think is really going on here? Drop your thoughts below 👇 #therogginreport #coachella #coachellavalley #localnews #nbcpalmsprings
During the 2025-2026 school year, PEN America reported there were nearly 12,000 book bans in public schools nationwide, the largest number of book bans in a single year since the group started tracking numbers in 2021.
Delta Airlines overhauled its frequent flyer program in 2024. CNN’s Randi Kaye asks Delta CEO Ed Bastian if the airline has made it more difficult for flyers to earn status and if any further changes to the loyalty program are on the horizon.
Social Time with Thalia & Jerry. Favorite Festival?
‘The Hayden’ is back @babysmarche !! John Hayden himself took a trip to the Indian Wells staple for lunch and to chat with @chefjustinsnyder on how it became the most popular item on the menu! #TheHayden
🛑A bike ride ended in tragedy Monday night in Palm Springs. A bicyclist died after being struck by a car around 8:30 PM on E. Palm Canyon Dr. The driver stayed at the scene and police say there’s no indication of foul play or impairment. ❓Saw the crash or have video from the area? Call Palm Springs police at (760) 327–1441.
Social Time: Jerry sings the end! 🎶🎵
CALIFORNIA IS AGING FAST... BUT WHERE WILL THE WORKFORCE LIVE? #therogginreport #coachellavalley #localnews #agingpopulation #nbcpalmsprings
119 jobs on the line and DRD’s General Manager won’t answer questions … Drop a comment 👇: Would you vote YES or NO on giving a district more money if they refuse to answer transparency questions? #therogginreport #drd #coachellavalley #localnews #nbcpalmsprings