Dow Surges While Broadcom Drags Tech Stocks Lower
Dow Jones Futures: Broadcom, Micron, Nvidia and Sandisk were big winners Monday. Credo plunged on earnings late.
U.S. Stocks Mixed as Investors Weigh AI Fervor Against Mideast Worries
The Dow jumped 875 points to a record 51,561.93 as investors rotated from tech into healthcare and financials after Broadcom's weak guidance hammered chip
Dow Jones, S&P 500, Nasdaq investors in the U.S. Stock Market will look for Broadcom stocks, Micron Technology, Advanced Micro Devices, Marvell Technology and Qualcomm shares.
Traders bought about 5,300 calls in the State Street Health Care Select Sector SPDR ETF (XLV) on Thursday, compared to just over 1,000 puts, according to data from ThinkOrSwim.
The Dow surged 875 points to a record as money rotated out of chips and into healthcare and financials, with Broadcom's 12.6% crash exposing the AI trade's concentration.
Challenger, Gray Says Tech Leads U.S. Layoff Plans
U.S. Jobless Claims Rose Last Week
Wall Street closed higher with the Dow hitting a record, lifted by easing Iran war concerns and gains in healthcare and financial stocks. However, weak results from Broadcom…
Dow Notches Fresh Record, Buoyed by Healthcare, Financial Stocks
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