Dow rises to new record, but Nasdaq falls nearly 2% as higher rates divide the market; European stocks hit record high, led by travel sector; Wizz Air up 12% 
The Dow Jones Industrial average rose for a second day to start 2022 as investors bet on the kinds of stocks that would benefit from a robust economy this year despite the omicron threat. 
But a continuing spike in bond yields to start the new year caused investors to rotate out of tech stocks, sending the Nasdaq lower. Losses in tech shares that were big winners last year like Nvidia and Tesla weighed on the broader market. 
The Dow rose 181 points, or about 0.5%, and hit an intraday record on Tuesday. The S&P 500 also reached an intraday record, before turning lower as tech shares fell. It was last down 0.3%. The Nasdaq Composite shed 1.8% on the losses in tech shares. 
Ford Motor was the biggest gainer in the S&P, up more than 11% after the company opened orders this week for its F-150 Lightning electric pickup truck, which it had previously shut down due to an overwhelming response. The company also announced plans to nearly double its production plan to 150,000 annually. 
On the losing side in the session were tech names with high valuations as investors rotated out of that sector as rates increased. Tesla, fell about 5% after jumping 13% on Monday and ending 2021 with a roughly 8.5% gain. Nvidia fell Tuesday by 4.4%. Cloud companies CrowdStrike and Okta lost 5%. 

The pan-European Stoxx 600 index closed 0.8% higher, having earlier reached an intraday record of 495.41. Most sectors and major bourses were in positive territory. 
Airline and travel stocks were among the biggest gainers on the index, with the sector up 3.4%. Wizz Air led the gains, surging nearly 12%, while International Consolidated Airlines Group and TUI were also among the top performers. 
Source: CNBC, Investing.com