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The Dow Jones Industrial Average notched a fresh record for the third day in a row. The Dow rose 0.5% or 263 points while the S&P 500 dropped 0.2%. The Nasdaq Composite fell 0.8%. The divergence in index performance came after some of the market's biggest tech names took a turn during the session, erasing earlier gains.
The Dow Jones Industrial Average rose 1.7%, or 906 points. The Nasdaq Composite gained 2% as the tech rally raged on. Both indexes are on pace for their best four-day stretches in more than a year, according to Dow Jones Market Data.
The Dow Jones Industrial Average closed Monday at a fresh record, and the S&P 500 wasn't too far off its a record of its own. The Dow rose 1.3% or 693 points, setting a fresh record close. The Magnificent Seven were pulling their weight, shaking off recent underperformance.
Rising Treasury yields are weighing on equities as the S&P 500 breaks key technical levels, while charts suggest the 10-year yield could climb back toward 5%.
Every other Magnificent 7 stock sits far below its all-time high, yet Apple kept climbing while rivals splurged on AI. Whether that gap reflects genuine strength or a valuation trap worth avoiding is the question every investor needs to answer before July 30.
The Dow crept back to breakeven, but tech and momentum plays were still driving most of the market’s gains. The blue-chip index was moving in and out of positive territory, while the Nasdaq was up 1%. Only about half the Dow stocks and 43% of the S&P 500 stocks were rising.
Broadcom will supply Apple with custom application-specific integrated circuits, known as ASICs, through 2031, it said in a securities filing. Broadcom stock rose 4.1% to $375.13 on Monday. Apple has been one of Broadcom’s leading customers since 2010, notably buying hardware to assist with wireless connectivity.
The Dow closed out its fourth-straight week of gains at a record on Thursday while the Nasdaq and S&P 500 were dragged down by another chip selloff. The Dow rallied 594 points, or 1.1%. The S&P 500 was flat.
The Dow is back at record levels, but the stock market’s rally has some room to run. The S&P 500 was up 1.2% on Monday, while the Dow closed above 52,000 for the first time, up 0.6%. The Nasdaq gained 2.1%.
As Alphabet races to build its Remy AI agent to rival OpenClaw, can this unlock a powerful new growth catalyst for the stock?
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