Dow Delivers Rare Triple Play
In a rare occurrence, dubbed Dow Trifecta, the Dow industrials closed at a record high on the same day the Dow transports and Dow utilities registered their highest closing levels. This was only the 26th time in the history of the averages such an event happened. The last time Dow Trifecta hit record was on April 25, 2007, according to FactSet. The fact that the S&P 500 closed at a record on the same day makes this event even rarer. The last time the benchmark and Dow averages hit records in tandem was more than 16 years ago.
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