The Dow is climbing toward record levels with gains exceeding 350 points, but the S&P 500 and Nasdaq are falling as investors rotate away from technology stocks, particularly chipmakers. The market is digesting jobs data while navigating concerns about AI valuations and defense-sector volatility.
·Dow rises 350 points toward a record as rotation trade favors industrials over tech
·Nasdaq falls as chipmakers including Intel, Micron, and Super Micro struggle
·S&P 500 drops despite Dow strength, signaling sector divergence in market momentum
·Tank maker KNDS postpones IPO citing defense-market volatility concerns
·China Resources New Energy more than doubles in Asian debut, marking region's biggest 2026 IPO
drawn from CNBC, Fox Business, MarketWatch, Barron's · updated 23m ago