The Dow Jones Industrial Average was up more than 500 points and on pace to reach a record closing high on Tuesday, helped by gains in shares of drugmaker Merck and athletic-shoe maker Nike. The Dow rose 1.

The Dow and the S&P 500 climbed, while the Nasdaq fell, as the stock market awaits more news on the government shutdown.

The US futures remained flat after a mixed session on Wall Street. The Dow Jones Industrial Average hit a record high, driven by consumer and healthcare stocks. However, technology shares, including Nvidia,

The Dow Jones Industrial Average posted a record high upon closing on Tuesday, while the Nasdaq Composite finished down as investors sold tech stocks.

All told, the S&P 500 added 14.18 points to 6,846.61. The Dow rallied 559.33 points to 47,927.96, and the Nasdaq composite slipped 58.87 points to 23,468.30. In stock markets abroad, indexes rose in Europe following a mixed finish in Asia.

The Dow Jones Industrial Average surged to a record on Tuesday as Wall Street picked lagging value stocks over momentum and tech. The blue-chip index gained 557 points, or 1.2%, to mark its 16th closing high of the year and its first of November.

Shares in CoreWeave slide

NASDAQ is losing some ground amid pullback in tech stocks. NVIDIA, which is down by 2.5%, is among the biggest losers in the NASDAQ index today. The stock found itself under pressure as SoftBank Group sold its stake in the company for $5.83 billion.

The Dow Jones Industrial Average offers too small a sample size for many to be an effective gauge of how well the stock market is doing on any given day. But, of course, we have the S&P 500 for that,

The blue-chip Dow Jones Industrial Average was outpacing the other indexes on Tuesday. Despite tech stocks trading mostly lower on the day, two large-cap tech companies were contributing most to the Dow's gain.