Market Extra: Dow tops 26,000, but fails to close above milestone

The Dow blew past the latest in a series of milestones Tuesday, but was unable to close above 26,000 as early gains gave way to weakness.

The S&P 500 SPX, -0.35% and Nasdaq COMP, -0.51%retreated from all-time highs to end lower. The Dow DJIA, -0.04% saw a gain of more than 282 points, or 1.1%, at its intraday peak of 26,086.12, but ended the day down 10.33 points at 25,792.86. That was the average’s biggest one-day reversal in percentage terms since Feb. 10, 2016, according to WSJ Data Group.

If the Dow had closed above 26,000 on Tuesday, it would have marked just seven trading days since it first closed above the previous 1,000-point milestone at 25,000.

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