Dow soars almost 400 points, as investors rotate out of tech and eye Europe

person in front of the Euronext Paris office (Credit: Mustafa Yalcin/Anadolu via Getty Images)

• Markets saw a movement away from the tech sector, which had previously dominated the recovery of U.S. equities. In foreign exchange markets the U.S. dollar maintained its current downward trajectory, while the euro strengthened. Both factors have been driving investors toward European stocks. 

The Dow Jones rose 396 points, for a 1% gain, on Tuesday, as investors mostly rotated out of the tech sector. That shift favored the 30-company Dow Jones, which is a 1% off its all-time high reached in December 2024. Meanwhile the S&P 500 fell 0.11% and the Nasdaq dropped 0.83%.