Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

The divergence between the performance of the Dow Jones Industrial Average

and Nasdaq Composite

on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one of an artificial intelligence and another of “everything else.”

Not only did the Dow rise, it also secured its second consecutive record high and closed above the 48,000 level for the first time.