Dow’s Surge Opens Up Widest Divergence in Benchmarks Since 1953
- Dow diverges from S&P 500, Nasdaq due to benchmark makeup
- Boeing fuels Dow outperformance as stock price surges
This article is for subscribers only.
Major U.S. equity indexes have come unhinged from each other. The Dow Jones Industrial Average, whose membership and archaic weighting system caused it to beat practically everything into a bear market, now is trouncing all comers amid its fastest run in nine decades.
Up 17.5% since Monday, the Dow is enjoying its biggest two-day gain versus the S&P since 1953. Against the Nasdaq 100, it’s the best showing since 2001.