From BigGo Finance · BigGo Finance · · 1m 10s
Dow Surges 530 Points as Healthcare Hits Record
Healthcare stocks surge to record highs as Dow jumps 530 points, Nasdaq stalls on AI spending concerns.
In brief
Healthcare stocks surge to record highs as Dow jumps 530 points, Nasdaq stalls on AI spending concerns. Dow rises 530 points to 52,495.88 as healthcare leads S&P 500 to record high, while Nasdaq stalls on AI infrastructure spending worries. Originally reported by BigGo Finance.
Dow Jumps 530 Points
The Dow rose 1.02% to 52,495.88 on Tuesday, outperforming the S&P 500 which added 0.28% to 7,712.57.
Healthcare Surges to Record
Health care led the S&P 500's 11 sectors to a record high with Eli Lilly the biggest point contributor.
Nasdaq Stalls on AI Worry
The Nasdaq finished nearly flat at 26,424.82 as investors questioned AI infrastructure spending returns.
Tech Shares Lag
Megacap tech lagged as investors questioned returns on AI infrastructure spending, with communication services down 0.9%.
Netflix Falls 6%
Netflix fell 6% after hours on a weak fourth-quarter forecast.
Investor Rotation
Equity investors are rotating away from AI trade as questions persist about monetizing AI investments.
Market Rotation
Healthcare, financials and defensives outperformed as investors hedge against AI theme exposure.
At a glance
Dow rises 530 points to 52,495.88 as healthcare leads S&P 500 to record high, while Nasdaq stalls on AI infrastructure spending worries.
