Dow Hits Record High Amid Falling Oil Prices

The Dow Jones Industrial Average rose by 0.6% to set a new record high of 51,999.67 on Tuesday, boosted by sinking oil prices and gains in non-tech blue chips.

This surge came despite the S&P 500 and Nasdaq Composite falling as tech stocks consolidated following their three-session winning streak.

The Home Depot's futures contract for December 6 (SHD00NEXT) is one of the interest rate-sensitive sectors that has been affected by the recent rise in oil prices and memory shortages causing electronic price increases.

Gordon Haskett adjusted its price target on Home Depot to $325 from $330, while maintaining a hold rating. The company's stock gained with the release of its 2026 Christmas in July collection.