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The Dow Is Beating Tech by the Most Since 1996 in the New Year

  • Dow is besting the Nasdaq 100 by 5 percentage points in 2022
  • Value looks attractive in a higher-rate environment: Cincotta
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Painful Repricing Has a Ways to Go, Says RBC’s Calvasina

The stodgy Dow Jones Industrial Average has proven a place of relative safety for stock investors as U.S. equities stumble into 2022.

The index stuffed with old timers from Goldman Sachs Group Inc. to Caterpillar Inc. has fallen 1.6% so far this year, including a 1.4% drop during Monday’s market-wide slide. That compares to a rout of 6.4% in the tech-heavy Nasdaq 100 since the start of the year, giving the blue-chip index its biggest outperformance since the first week of 1996.