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Dow Sets New Record As S&P 500, Nasdaq Slip
- On Tuesday, US stocks hit fresh records as the Dow Jones Industrial Average closed above 54,000 for the first time and the S&P 500 reached an all-time high, with the Nasdaq Composite climbing 2.59%.
- Strong quarterly earnings helped steady investor confidence, as 87% of S&P 500 companies topped profit estimates while the market stayed focused on the infrastructure side of the AI trade.
- Palantir shares soared 29%, its strongest day in more than two years, after CEO Alex Karp called quarterly results 'otherworldly,' while Elon Musk confirmed SpaceX directed $15.8B toward Nvidia GPUs.
- ADP reported private payrolls missed at 44,000 on Wednesday, pulling the 10-year Treasury yield to 4.61% and lifting S&P 500 futures 0.4%, easing pressure on growth stocks.
- Investors are weighing softer labor trends against Federal Reserve policy under new Chairman Kevin Warsh, while the 10 largest companies now account for roughly 38% of S&P 500 value, concentrating gains.
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The New York stock market, which has been on a continuous surge recently, closed mixed on the 5th (Eastern Time) as it entered a period of consolidation. On this day, the Dow Jones 30 Industrial Average finished trading at 54,349.12, up 263.24 points (0.49%) from the previous close. In contrast, the Standard & Poor's (S&P) 500 index fell 12.97 points (0.17%) to 7,723.55, while the technology-heavy Nasdaq
Wall Street closed this Wednesday in mixed terrain with the Dow Jones Industrial Index with a historic record of closure, rising 0.49%.
·Madrid, Spain
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Total News Sources38
Leaning Left2Leaning Right3Center9Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
14%
C 64%
R 22%
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