Wall Street closes mixed as megacap tech, Tesla and chip stocks power broad rally while Dow lags
Executive summary: U.S. equities finished mixed but with a clear growth-led tone, as the S&P 500, Nasdaq Composite and Russell 2000 all advanced while the Dow Jones slipped. The strongest action came from Tesla, Nvidia, Meta, Microsoft and the SOXX chip basket, which helped offset weakness in Apple, gold, palladium and parts of the financial and defense complex. Energy also firmed, while crude oil eased, underscoring a market that favored AI, autos and select cyclicals over defensive and rate-sensitive pockets. [Continue Reading]
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