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Dow Jones Hits High, Broadcom, Ciena Slam AI, Chip Stocks, SpaceX IPO Ahead: Weekly Review
Licensing
12:27 PM ET 06/05/2026
The Dow Jones hit a new high on Thursday and didn't give up much ground Friday morning. The Nasdaq fell solidly, testing the 21-day line as the AI-and-chip trade cooled in the wake of Broadcom (AVGO) and Ciena (CIEN) earnings. Hewlett Packard Enterprise (HPE) skyrocketed on its beat-and-raise report. Cybersecurity firms Palo Alto Networks (PANW), CrowdStrike (CRWD) and Rubrik (RBRK)…
