The Dow is beating the broader market to a degree not seen in nearly a...
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The Dow is beating the broader market to a degree not seen in nearly a century. The Dow Jones Industrial Average is down 5.3% this year, which isn't normally a cause for celebration. But that performance looks downright golden compared with the broad S&P 500, which is off 15%, and the tech-heavy Nasdaq Composite, which has dropped 27% (please refer to the article "Dow Shines as Higher Rates Squeeze Nasdaq's Tech Stocks") How has the Fed's interest rate increase impacted the relative performance of the Dow Jones Industrial Average and the S&P 500, and why? According to some market commentators, what factors could lead to continued outperformance of the Dow Jones Industrial Average versus the S&P 500 in 2023?
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