Nov. 11 (UPI) -- The Dow Jones Industrial Average posted a record high upon closing on Tuesday, while the Nasdaq Composite finished down as investors generally sold their tech holdings.
The Dow is comprised of 30 blue-chip stocks and closed at a record 47,927.96 after posting a 559.33-point rise during the day's trading amid news that the federal government shutdown likely will end soon, according to CNBC.
The increase represented a 1.18% gain as investors, buoyed by news the shutdown is on track to end, bought shares in leading healthcare companies, including Merck, Amgen and Johnson & Johnson.
A general selloff of tech stocks accounted for the Nasdaq's relatively poor performance on Tuesday and likely contributed to the Dow's record close as investors switched to other investments.
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