Dow climbs as top AI stocks pause

Dow ticks up on healthcare and banks, but the Nasdaq is weaker with AI chip stocks sliding in late-morning trade Thursday. U.S. stock indexes were mixed.

U.S. Stocks Pull Back as Oil Prices Weigh, Fed Concerns Simmer

U.S. Stocks Pull Back as Oil Prices Weigh, Fed Concerns Simmer

Stocks pulled back from record levels on Wednesday, with the market closing lower after renewed U.S.-Iran fighting sent oil prices up and raised fresh concerns about stubborn inflation. According to preliminary figures, the Dow Jones Industrial Average lost 581.84 points, or 1.13%, to 50,725.95. The S&P 500 slid 54.11 points, or 0.74%, to 7,555.67, while the Nasdaq Composite fell 230.97 points, or 0.85%, to 26,862.93.
QQQM’s $835 Million AI Wave Meets a Zscaler Reality Check

QQQM’s $835 Million AI Wave Meets a Zscaler Reality Check

Invesco’s Nasdaq-100 ETF QQQM edged higher Tuesday, helped by fresh inflows and gains in Nvidia, even as Zscaler slid nearly 9% and reminded investors that the AI trade is not moving in one clean line. QQQM traded at $306.54, up 0.2%, while the larger Invesco QQQ Trust rose 0.2%; Zscaler was down 8.9% at $141.90.
Arm Ramps Up $15 Billion AI Chip Push Ahead of Schedule

Arm Ramps Up $15 Billion AI Chip Push Ahead of Schedule

Arm Holdings could hit its $15 billion annual revenue goal for AI chips sooner than it expected, CEO Rene Haas said, as demand for data center central processors is picking up. Haas told Bloomberg Television he was “very confident” about the target, according to Seeking Alpha. Reuters also reported demand for Arm’s chips is higher than eight weeks ago.
Dow Jones Falls as Bond Yields Signal Trouble for Bulls

Dow Jones Closes at Record as Oil Sinks; AI Stocks Pause

The Dow Jones Industrial Average closed at a record high on Wednesday, rising 189.08 points, or 0.37%, to 50,650.76, as investors bought healthcare and consumer shares while the AI-led rally cooled. The S&P 500 edged up 0.02% and the Nasdaq Composite added 0.08%, leaving the broader market nearly flat after a run of record-setting gains.
Dow Hits Record Close As Wall Street’s AI Rally Loses Its Easy Money Feel

Dow Hits Record Close As Wall Street’s AI Rally Loses Its Easy Money Feel

The Dow Jones Industrial Average closed at a record high on Wednesday, helped by healthcare and consumer stocks, while the S&P 500 and Nasdaq barely moved as the artificial intelligence trade took a pause. Preliminary data showed the Dow rose 189.08 points, or 0.37%, to 50,650.76; the S&P 500 added 1.81 points, or 0.02%, to 7,520.93; and the Nasdaq gained 18.55 points, or 0.08%, to 26,676.60.
Qualcomm signs ByteDance AI chip supply deal

Qualcomm signs ByteDance AI chip supply deal

• Qualcomm has landed a deal to provide AI data-center chips to ByteDance, the parent of TikTok, according to media reports. That would give Qualcomm a major early customer for its custom AI silicon.• ByteDance is increasing its spending on AI infrastructure, and Qualcomm is looking to expand past smartphones, making the timing key for both sides.• Still, neither Qualcomm nor ByteDance has fully confirmed the deal. Any sales must stay within U.S. export controls.
S&P 500, Nasdaq post record closes as AI stocks drive after-hours action

S&P 500, Nasdaq post record closes as AI stocks drive after-hours action

Stock-index funds in the U.S. moved up late Tuesday after both the S&P 500 and Nasdaq Composite ended at fresh records. The S&P 500 was up 0.61% to 7,519.12, the Nasdaq climbed 1.19% to 26,656.18, and the Dow Jones Industrial Average slipped 0.23% to 50,461.68. Chris Zaccarelli, chief investment officer at Northlight Asset Management, called this year’s tech gains “reminiscent of the boom at the end of the 1990s.” Adam Sarhan at 50 Park Investments said Middle East tensions still seemed likely to “resolve itself in a peaceful fashion sooner rather than later.”
Dow Sets New Record as Wall Street Looks Ahead to Next Challenge

Dow Sets New Record as Wall Street Looks Ahead to Next Challenge

U.S. stocks finished higher on Friday, with after-hours Reuters/LSEG data showing the Dow Jones Industrial Average setting a new record. Investors jumped in on hopes around U.S.-Iran talks and upbeat earnings. The Dow gained 428.65 points, or 0.86%, to close at 50,714.31. The S&P 500 rose 45.82 points, or 0.62%, to 7,491.54. The Nasdaq Composite increased 130.07 points, or 0.50%, to 26,423.17. James St. Aubin, chief investment officer at Ocean Park Asset Management, called the market backdrop “really solid.”

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.