US equities diverged with the Dow gaining while NASDAQ fell 1.15% on broad semiconductor and AI-related stock declines.
US stock indices closed mixed as the Dow Jones Industrial Average rose 0.64%, supported by gains in J.P. Morgan, Visa, and Home Depot. The NASDAQ dropped 1.15%, settling at 26,376.34, just below its 100-hour moving average of 26,378.09, while the S&P 500 fell 0.57%.
Technology stocks led declines, with Marvell plunging 9.92%, Intel sliding 8.45%, and AMD losing 7.30%. Semiconductor and AI-related names faced broad selling pressure, including Micron and Broadcom. The NASDAQ now sits between its 100-hour and 200-hour moving averages, with a break below 26,302.11 potentially shifting momentum to sellers.
The Dow’s outperformance was driven by financial and consumer staples stocks, including 3M, which gained 2.17%. Market focus remains on technical levels as traders assess sector rotation and risk sentiment.