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The Dow Jones Industrial Average is having its best start to a new year since 2018, bolstered by financial and industrial names like Goldman Sachs Group Inc.
GS and Caterpillar Inc. CAT.
The blue-chip gauge was up 1.9% through the first four trading days of the year as of Wednesday’s close, based on preliminary data from Dow Jones Market Data. That marks its best four-day start in eight years, despite a pullback that saw the Dow DJIA fall 466 points, or 0.9%, to close at 48,996.08 on Wednesday. Back in 2018, the Dow rose 2.3% during the first four trading days of that year.
Investors have been rotating into more cyclical and value-oriented sectors since late 2025, when questions started to emerge about the ability of some Big Tech companies to quickly monetize their massive investments in building out artificial-intelligence technology.
This has helped the Dow outpace the S&P 500 and Nasdaq Composite recently.
