The Dow Jones Industrial Average is outpacing the other indexes on Tuesday, potentially on its way to a new record. The Dow was trading at 45,176.19, up about 0.6% on Tuesday. Part of this bump was due to the jump in shares from Home Depot.

The S&P 500 and the Nasdaq Composite reached all-time highs late June, thanks to renewed AI enthusiasm, hopes of U.S. trade deals and rising bets on interest rate cuts, which helped drive a turnaround in U.S. stocks from a sharp rout earlier this year.

Dow Jones e-commerce giant Amazon and Spotify stock are in or near buy zones in the ongoing stock market rally.

The Dow Jones Industrial Average reached a new intraday high of 45,207.39 on Tuesday, surpassing its previous intraday high of 45,203.52 achieved last Friday. The Dow has been drifting in and out of record territory for the past few trading days,

Value-hunters with big stakes in a particular component kept one of the main U.S. equity indexes in positive territory.

Stocks’ summer rally lost some steam, with declines in a handful of big tech names weighing on major indexes while shares of smaller companies gained.

The Dow Jones Industrial Average, also known as the “Dow,” shook up its constituents earlier this week. Cloud computing and software provider Salesforce.com CRM replaced oil giant Exxon Mobil XOM.

Nasdaq 100, S&P 500, Dow Jones Industrial Average, iShares Russell 2000 ETF. Read 's Market Analysis on Investing.com

With the Dow Jones Industrial Average (DJINDICES: ^DJI) sitting around 40,000, it may seem like a big stretch to expect it to reach 1 million at any point. But it isn't as far-fetched as it seems.

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded little changed ahead of Tuesday's open after the stock market ended mixed Monday. Meanwhile, Federal Reserve Chairman Jerome Powell's Jackson Hole speech looms Friday.