EXPLAINER: Why the Dow topped 30,000 for the first time

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NEW YORK — Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time.

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 For most 401(k) accounts, what matters much more is how the S&P 500 is performing. That’s because many, many more stock funds either directly mimic the S&P 500 or benchmark themselves against that index than the Dow.

Nearly $4.6 trillion in investments directly track the S&P 500, while another $6.65 trillion measure themselves against the index’s performance. That total of $11.24 trillion is roughly 360 times the $31.5 billion in investments that track or benchmark their performance against the Dow.

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Article URL : https://abcnews.go.com/Business/wireStory/explainer-dow-topped-30000-time-74381825?cid=clicksource_4380645_2_heads_hero_live_headlines_hed