Dow Hits Record After Stocks Bounce Back From Selloff

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The Dow Jones Industrial Average closed at a record on Wednesday after the stock market shrugged off Tuesday’s tech-driven slide.

The Dow gained 337 points, or 0.8%, marking its 38th record close of the year. The S&P 500 was up 0.5%, and is now in striking distance of its 47th closing high. The Nasdaq Composite overcame some Big Tech struggles to finish the day up 0.3%.

The market rallied broadly, as most of the stocks that make up the big three indexes closed higher on the day. The Invesco S&P 500 Equal Weight ETF, which counts megacap members of the S&P 500 as much as the smallest constituents, outperformed the standard market cap weighted S&P.

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