Wall Street closes mixed as Meta, Nvidia and oil surge while Dow slips on rate and rotation signals
Executive summary: U.S. equities finished mixed, with the Nasdaq and S&P 500 edging higher while the Dow slipped. The session was led by a sharp rally in Meta and Nvidia, a strong move in WTI crude, and gains across AI chips, energy and Bitcoin. Defensive and rate-sensitive pockets were weaker, including Microsoft, Amazon and U.S. defence stocks, while the dollar weakened against the yen. The pattern points to a market still rewarding growth and commodity exposure, even as investors rotate within megacap tech and watch macro signals closely. [Continue Reading]
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