The Dow Jones Industrial Average again rose to a new, all-time high, encouraged by benign inflation data during August and a much-better-than-expected increase in a key housing market index. But the S&P 500 recently drifted into the red, giving up early gains for industrial and material stocks after U.S. Steel ( X ) and Nucor Corp ( NUE ) both issued upbeat Q3 guidance. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.