Stocks: Dow officially closes above 40,000 for first time

While the Nasdaq Composite (^IXIC) dips by just 0.07%, the Dow Jones Industrial Average (^DJI) officially closes above 40,000 for the first time as the S&P 500 (^GSPC) holds above its own 5,300 benchmark.

Yahoo Finance Senior Markets Reporter Jared Blikre reviews the day's market and sector action after the closing bell.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

From today's session sponsored by Tasty trade.

Before we get to, let's take a quick check on where the majors ended up here because we did have the Dow closing above 40,000 up just about a third of 1%.

The S and P up marginally the NASDAQ down marginally.

Jared's got a closer look now for us.

Yes, Julie, that should have been a record close for the Dow and we're looking at gains for the week.

If we can go to the wifi Interactive, I will show you here's the NASDAQ down fractionally today, so record close there, but up 2% for the week and we'll take a look at the Dow as well.

There you go.

Finally got a close over 40,000 as you were saying, and we are pretty close to the highs of the week, which were also the highs of yesterday.

Now, let's take a look.

I want to take a look at the Vics first and then we'll get into some heat maps.

The Vicks.

Now trading with an 11 handle, you can see this is the lowest point in the year.

So that is a tailwind for equities.

But this is also the time to be buying protection need to buy when you don't need it.

But here is the sector action for today.

Energy in the top spot up 1.4% followed by materials and also financials, discretionary health care communication services.

Round out the top row tech and staples took a back seat today.

But for the week, here we go, we got tech in the pole position up 3.1%.

In fact, the only losing place in the week, at least in the large cap sectors is industrials.

If we take a quick look, there can see Boeing up 3.6% freeport up 5%.

That's a gold play.

But G down to Raytheon down RT X down two and a couple others CM I down 4.4 also want to cover meme stocks because that has been, that has captured the imagination of traders and investors.

This week here is the five day look, but I'm going to leave you with the one day.

Look.

We gave some back today in the last two days.

So gamestop looks like it's going to end in green for the week, but not today down 20%.

All right.

Thank you, Jared.