NEW YORK (TheStreet) --The Dow Jones Industrial average did something that it hasn't done in its history, close above the 19,000 mark. The Dow closed at 19,023.87 on Tuesday, while the Nasdaq and S&P 500 both closed in the green as well.
"It hasn't been a stampede one way or the other. The interesting thing about today is the bears did try to bring it down around midday and it came back strong," CNBC's Dominic Chu said on "Closing Bell" this afternoon.
Chu also noted the strong performance from some of the larger regional financials like M&T Bank (MTB) hitting its all-time high on Tuesday, indicating the run in financials is still alive.
Furthermore, Chu also put consumer-centric stocks in focus and said these strong performances may illustrate a stable consumer.
"We're not talking about ultra-luxury. We're talking about Kohl's (KSS), Darden Restaurants (DR), these guys here are seen perhaps as doing relatively well in this kind of environment as the uncertainty dissipates," Chu noted.