Stock market today: NASDAQ lags
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Stock futures were mixed Friday, with the Dow Jones Industrial Average ticking higher and the S&P 500 slipping after each set a closing record, while the Nasdaq pointed sharply lower as tech shares continued to decline on AI bubble fears.
The Dow Jones Industrial Average remained on pace to post a weekly gain, despite falling on Friday. The Dow was down 0.4% in afternoon trading, but the blue-chip stock index was still heading for a weekly gain of 1.
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The Dow Jones and Russell 2000 hit record highs while the Nasdaq slashed early losses. Broadcom sees AI chip sales doubling.
Major stock indexes ended mixed Thursday, with the Dow Jones Industrial Average and S&P 500 closing at record highs but the Nasdaq pulling back as Oracle results dragged AI-tied shares.
After a strong start on Friday, the Dow Jones Industrial Average has given up its early gains and joined its peers in the red. But the blue-chip index was still on track to outperform the Nasdaq composite by its widest margin since January,
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Among the Nasdaq-100 stocks, Netflix NFLX and Warner Bros. Discovery WBD rallied 2.1% and 1.5%, respectively, making them some of the best performers just after the market open. Meanwhile, Micron Technology MU sold off nearly 4%. Shares are easing from this week's all-time highs.
When it comes to judging the health of the stock market and new all-time records being set, most investors track the Dow Jones Industrial Average, S&P 500 and Nasdaq 100. President Donald Trump showed which of these metrics he prefers with a social media post on Thursday.
It has been a quiet trading session Wednesday morning, but the Dow Jones Industrial Average was still outpacing the tech-heavy S&P 500 and Nasdaq Composite Index. The Dow was rising 0.5%, or 240 points,
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The Dow Jones Industrial Average gained a bit more ground Thursday afternoon as the Nasdaq got bit by a sell-off in technology names and the S&P 500 stock ventured into positive ground. Artificial intelligence leader Oracle ORCL sank on the stock market today on concerns about rising AI investment costs.
The Dow Jones Industrial Average pushed to fresh record highs Thursday as investors rotated out of expensive tech stocks and into industrials, financials and healthcare. Broader risk appetite stayed firm after the Federal Reserve delivered its third straight interest-rate cut a day earlier.