Stocks outside the AI trade rally, Dow up 3%; chips fall and enter new bear market
FROM THE WIRE · FINANCE.YAHOO.COM
The election gave Wall Street a reason to buy almost everything. Chip stocks are the exception, and they've lost nearly $4 trillion in value since early October. Democrats' sweep of both chambers of Congress sent the Dow Jones Industrial Average (^DJI) up 3% on Wednesday, its…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishThe broad rally and the chip sell-off signal a sharp sector rotation with impact on major indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Dow Jones Industrial Average rose 3% on Wednesday, its best day since the April 9, 2025 rally.
- 02Roughly three out of four S&P 500 stocks rose, while the PHLX Semiconductor Index fell 3%.
- 03Apple and Berkshire Hathaway closed at records, and oil fell below $90 a barrel.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Apple Inc.349.84 USD+0.09%today +0.09%Positive The Home Depot, Inc.353.93 USD-1.49%today -0.42%Positive Lowe's Companies, Inc.230.04 USD-1.44%today +0.29%Positive Dow Jones Industrial Average52,608.18-1.68%today -1.40%Positive S&P 5007,499.70-1.76%today -2.46%Positive PHLX Semiconductor Index9,370.87-3.24%today -8.74%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets