Dow Shines as Higher Rates Squeeze Nasdaq’s Tech Stocks

The Dow doesn’t include companies such as Amazon, which has fallen 44% in 2022. Amazon has been the biggest detractor to the S&P 500 year to date, according to S&P Dow Jones Indices data as of the end of November. S&P Dow Jones Indices runs the Dow and S&P 500, among other indexes.

“If you believe that interest rates are going to stay higher for longer, then this environment where value beats growth is likely to continue,” said Bob Doll, chief investment officer at Crossmark Global Investments. He said his firm is looking to add to its holdings in energy, healthcare and financial stocks.

Still, much more money follows the S&P 500. U.S. mutual funds and exchange-traded funds tracking the S&P 500 received $71 billion of net inflows through October, Morningstar data show. Many of Mr. Sohn’s clients have asked about the Dow recently, he said. He believes the Dow could continue to outperform at least through next year., which corresponds with the blue-chip index’s performance.ETF tracking the equal-weighted S&P 500

We're already part way through the rotation out of these high multiple momentun stocks into the value led sector. The DJIA has been a laggard compared to the Nasdaq but for the next couple of years will surely shine whilst inflation and higher interestrates persist.

S&p up only down 10% y/y heading into recession S&p is on the moon Evaluations are sky high We are well above 20% up from pre pandemic s&p level Earnings is well worse than Jan 2020 Long long way down before we see real price discovery

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In a market in tumult, it's the boring old value stocks that are beating the risky growth stocks. This just goes to show that sometimes the tried-and-true strategies can be the most effective in uncertain times.

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Robust U.S. jobs market adds to worry over how much higher interest rates need to goNovember's strong job gains bring a touch more anxiety to financial markets as investors react to the possibility of even higher-than-expected rates for 2023.
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Stock Market Today: Report Shows U.S. Economy Added 263,000 Jobs in November, Dow, Nasdaq DownStocks dropped, with the Dow down about 300 points, and Treasury yields jumped after the jobs report showed strong hiring and wage growth Would be nice if there was no paywall restricting me from reading the article 😑 The labor market remains strong, gas prices are down ~30% from their highs earlier this year, and inflation shows signs of easing. Now maybe the GOP can quit pushing their 'recession' propaganda. Stocks dropped with strong hiring and wage growth? Oh, Wall Street, the consistently least patriotic entity in this country.
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MarketWatch Live: Dow turns positive, stocks aim to shake of weakness in final hour of tradeDow turns higher as stocks fight for gains in final hour of trading session
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Dow ekes out gain Friday, stocks book second week in a row of gainsMajor U.S. stock indexes ended a choppy session mixed Friday, while still posting weekly gains, after monthly jobs data showed the Federal Reserve's rapid...
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