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Dow Record High

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Dow Hits Record High as Nvidia and Chip Stocks Decline
business3 months ago

Dow Hits Record High as Nvidia and Chip Stocks Decline

U.S. stock futures remained flat after the Dow hit a record high, with a market rotation away from tech stocks like Nvidia towards consumer and healthcare sectors amid concerns over tech valuations and economic data showing potential labor market weakness. The market experienced a divergence with the Dow rallying while Nasdaq declined, and investors are cautious about a possible market bubble and the impact of the government shutdown on economic reports.