⏺DOW JUMPS 600 POINTS TO RECORD AS ORACLE SPARKS RUSH OUT OF AI TRADE INTO BROADER MARKET
The Dow Jones Industrial Average reached new heights on Thursday as a Federal Reserve interest rate cut followed by disappointing Oracle results, prompted investors to move out of high-flying tech stocks and into names that can benefit from a growing U.S. economy.
The 30-stock Dow rose 687 points, or 1.4%, and hit a new record high, supported by a rise in Visa shares after the name was upgraded at Bank of America.
🟡The broad market S&P 500 traded up 0.2%.
🟡The Nasdaq Composite pulled back 0.3%.
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