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After years of trailing their hard-charging rivals in the information-technology sector, stocks from the so-called old economy are enjoying a moment of bliss.
On Wednesday, the Dow Jones Industrial Average
DJIA finished above 48,000 for the first time ever after tallying a second-straight record close, Dow Jones Market Data showed. Investors, excited about the prospect that the longest-ever U.S. government shutdown could soon come to an end, likely helped push the blue-chip gauge higher, said Sam Klar, portfolio manager of the GMO Domestic Resilience ETF.
