U.S. equities traded mostly higher on Tuesday, after hitting new all-time highs, as investors digested housing data and kept an eye on President-elect Donald Trump’s policy agenda.
The Dow Jones industrial average broke above 19,000 for the first time ever shortly after the open. As of 1:33 p.m. ET, it traded 43 points higher, with Home Depot contributing the most gains.
“What we’re seeing is a shift in the sectors that are participating” in this rally, said Quincy Krosby, market strategist at Prudential Financial. “It hasn’t been parabolic in some sectors.”
The S&P 500 traded over 2,200 for the first time, as telecommunications rose about 2 percent to lead advancers. But a nearly 1.6 percent fall in health care stocks pushed the index to around breakeven. The Nasdaq composite had also risen to all-time highs, before holding 0.17 percent higher.