The Dow surged 1.73% to a new high, driven by gains in financials and healthcare, while tech-heavy NASDAQ slipped 0.09%.
The Dow Jones Industrial Average closed at a record high, rising 1.73% as financial and healthcare stocks led the rally. UnitedHealth, Goldman Sachs, and Merck were top gainers, climbing 5.18%, 4.91%, and 4.86%, respectively. Goldman Sachs jumped over $51 to $1,092, while Caterpillar added $14 to reach $940.
The S&P 500 edged up 0.41% to 7,584.32, while the NASDAQ declined 0.09% to 26,830.96. Tech stocks remained subdued, with Apple and Microsoft posting marginal gains, while Broadcom plunged 12.59% after earnings. AMD shares also retreated following recent gains.
Decliners in the Dow were limited, with Verizon and Honeywell falling 3.82% and 2.52%, respectively. Most losers dropped less than 1%, signaling no broad sell-off. The session highlighted sector divergence, with financials and healthcare outperforming while tech lagged.