Dow Jumps as Oil Drops; Wall Street Watches Broadcom AI Moves
Dow surges 1.6% to a record 51,496.83 as investors rotate into healthcare and financial stocks after Wednesday’s selloff, while Broadcom plunges 11.2% on missed revenue and flat AI-chip guidance, capping Nasdaq gains; oil drops 3% on Middle East ceasefire hopes, but risks from chip sector weakness and geopolitical tensions remain, Reuters reports.