Meanwhile, speculation on Trump’s more U.S.-centric policies favored U.S. manufacturers and big factory employers, bolstering the Dow, which tracks big industrial names like General Electric (NYSE: GE) and Boeing (NYSE: BA).
The Dow is also set to outpace the S&P 500 for the first time since 2011. Year-to-date, DIA increased 13.0% and DJD advanced 12.1%, whereas the S&P 500 gained 10.1%. Supporting the recent gains in the Dow, industrial stocks jumped 7.9% since the election and financials surged 15%.
DIA’s two largest sector components include industrials 19.8% and financials 17.8%, whereas the S&P 500 includes a hefty 20.6% in the underperforming tech sector, along with smaller 14.9% financials and 10.5% industrial weights.
For more information on the Dow, visit our Dow Jones Industrial Average category.