Dow Climbs to Record High as Tech Sell-Off Weighs on Nasdaq, S&P 500
Wall Street ended the week on a mixed note as the Dow Jones Industrial Average pushed toward a fresh record , while the S&P 500 and Nasdaq slipped amid renewed weakness in technology stocks . The divergence highlights a growing rotation away from high-flying tech names into more traditional value and cyclical sectors. The Dow rose about 0.2% , extending gains after an earlier surge of nearly 650 points. Investors piled into banks, industrials, and consumer staples, driving the blue-chip index higher. Meanwhile, the S&P 500 dipped 0.1% after briefly crossing the 6,900 mark for the first time, and the Nasdaq fell 0.3% , continuing its slide from earlier in the week. The sell-off in tech was sparked by disappointing earnings updates from Broadcom and Oracle , which reignited concerns about AI-related overvaluations . Broadcom’s shares tumbled nearly 8% despite beating quarterly earnings expectations, as investors worried about tighter profit margins and a lack of clarity on AI-...

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