Dow Jones DJIA and S&P Set Fresh Record Highs While Nasdaq Index Falters on AI Anxiety
As the session came to an end, U.S. markets showed a sharp contrast between rising blue-chip indices and resurgent tech malaise.
Quick overview
- U.S. equities showed a mixed finish with blue-chip indexes reaching record highs while tech stocks faced renewed weakness.
- The Dow Jones and S&P 500 closed at all-time highs, driven by strong performances in industrials and financials.
- Oracle's disappointing revenue report and increased capital spending raised concerns about the sustainability of AI investments, negatively impacting tech stocks.
- Despite the tech sector's struggles, small caps also rallied, indicating broader market resilience.
Live DOW Chart
As the session came to an end, U.S. markets showed a sharp contrast between rising blue-chip indices and resurgent tech malaise.
Blue Chips Break Records While Tech Stumbles
The major U.S. indices delivered a mixed finish, highlighting a growing split in market sentiment. While the Dow Jones Industrial Average and the S&P 500 climbed to fresh record closes, the Nasdaq Composite slipped into the red as traders rotated out of megacap tech and recalibrated expectations around the pace of AI-related growth.
AI-Linked Tech Stocks Face Renewed Pressure
The session’s main drag came from Oracle, which fell sharply after reporting earnings that exceeded profit expectations but missed on revenue. The company’s unexpectedly large surge in capital spending rattled investors, reigniting concerns that corporate AI investments are expanding faster than current demand can justify. That caution quickly spread across the semiconductor sector, weighing on Nvidia, Micron, Intel, and leaving AMD flat by the close.
These declines underscored lingering doubts about the sustainability of last year’s explosive AI momentum, prompting a cautious repositioning across tech.
Record Highs for Dow, S&P, and Small Caps
Away from the volatility in tech, the broader market showed notable resilience. The DOW surged more than 600 points as investors favored industrials, financials, and other value-oriented segments. The S&P 500 also notched a new high, supported by strong participation from defensive and cyclical sectors. Small caps joined the rally as the Russell 2000 extended its breakout, signaling broader market health even as tech lagged.
Dow Jones Chart Daily – Heading to 50K
The day ultimately reflected a market leaning toward stability and profitability, even as enthusiasm around AI continues to cool.
US Indexes Closing Levels
-
Dow Jones Industrial Average:
+646.26 points (+1.34%) to 48,704.01 — new all-time high -
S&P 500:
+14.32 points (+0.21%) to 6,901.00 — new all-time high -
Nasdaq Composite:
–60.30 points (–0.25%) to 23,593.86 -
Russell 2000 (Small Caps):
+30.997 points (+1.21%) to 2,590.60 — new all-time high
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