Nasdaq and S&P 500 slip while Dow hits record close - Reuters
Nasdaq and S&P 500 slip while Dow hits record close Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"You have the Fed tomorrow coming out. No one's really expecting much, but with the new Fed chair, people have overestimated the potential for a rate hike."
— Joe Saluzzi , Executive
"That's putting pressure on the Nasdaq and on the S&P because tech and communication services make up about 40% of the benchmark."
— Art Hogan , Executive
"Any misstep involving AI-related demand or capital budget expenditures from one of the four Magnificent 7 companies reporting Wednesday could easily give this market second thoughts about how far it has run in the past month."
— Dennis Follmer , Executive
"While the U.S. is more strongly positioned to withstand an extended closure of the Strait of Hormuz, the global economy would struggle, and that will eventually ripple back to take a bite out of earnings and stock prices in the U.S."
— Dennis Follmer , Executive
"He was unhappy with the latest Iranian proposal on resolving the conflict in the Middle East."
— Donald Trump , Politician
Key People
Art Hogan is the chief market strategist at B Riley Wealth.
Dennis Follmer is the chief investment officer at Montis Financial.
Former president of the United States known for his aggressive economic policies.
Joe Saluzzi is the co-head of equity trading at Themis Trading.
Kevin Warsh is the Federal Reserve's new chief.
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<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxONEpZcjB1UUpuN05zN283anhrUE9FaHJWOGRPTnF6VWdLcEkwT3U5OWhjM05VckRjMFpnS2dDR2dtdXNDc0pYdkhxdXpnbExoM2loNmRsN29qLXVEYUdpZEI2cEpISFJXZkJXeGNzV292S0tCUVhZd2lRX1hlNFdaOXp2dEJ2LUh1dm9reFE3VlFnZE5salNHUXlmS3A4WlkwNVZ5aHhZZ29ENnExMEVkQjVB?oc=5" target="_blank">Nasdaq and S&P 500 slip while Dow hits record close</a> <font color="#6f6f6f">Reuters</font>
The S&P 500 and Dow Jones Industrial Average achieved record closing highs, while the Nasdaq underperformed due to Oracle's financial update raising concerns about AI investments.

The Nasdaq Composite fell as investors questioned the sustainability of the AI boom's impact on tech stocks, with OpenAI missing internal targets.
The Dow Jones Industrial Average reached a new record high as oil prices declined, while SpaceX's market value surpassed Amazon's, making it the fifth-most valuable U.S. firm.
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