Dow Closes at New High

2026-06-04 20:18 By Joana Taborda 1 min. read

The Dow Jones surged 875 points on Thursday to close at a record high, while the S&P 500 gained 0.4%.

The Nasdaq underperformed, edging 0.1% lower as investors rotated out of technology stocks and into other sectors.

Health care, financials, communication services, and real estate led the market higher.

Notable gainers included JPMorgan Chase (+3.3%), Visa (+2.5%), Johnson & Johnson (+4.6%), UnitedHealth Group (+5.2%), and Goldman Sachs (+4.9%).

In contrast, tech stocks were the weakest performers.

Broadcom plunged 12.6% as its forecast for AI-chip revenue fell short of most expectations.

Advanced Micro Devices and Micron Technology also declined, falling 3.6% and 7.7%, respectively.

Meanwhile, investors continued to monitor developments in the Middle East.

Reports of a conditional ceasefire between Israel and Lebanon raised hopes that a broader agreement involving Iran could be reached, contributing to a decline in oil prices.



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Dow Closes at New High
The Dow Jones surged 875 points on Thursday to close at a record high, while the S&P 500 gained 0.4%. The Nasdaq underperformed, edging 0.1% lower as investors rotated out of technology stocks and into other sectors. Health care, financials, communication services, and real estate led the market higher. Notable gainers included JPMorgan Chase (+3.3%), Visa (+2.5%), Johnson & Johnson (+4.6%), UnitedHealth Group (+5.2%), and Goldman Sachs (+4.9%). In contrast, tech stocks were the weakest performers. Broadcom plunged 12.6% as its forecast for AI-chip revenue fell short of most expectations. Advanced Micro Devices and Micron Technology also declined, falling 3.6% and 7.7%, respectively. Meanwhile, investors continued to monitor developments in the Middle East. Reports of a conditional ceasefire between Israel and Lebanon raised hopes that a broader agreement involving Iran could be reached, contributing to a decline in oil prices.
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