Nasdaq reaches record highs on AI strength while the Dow Jones slips amid weakness in Cisco and financial stocks as crude oil prices continue to slide.
Nasdaq hit a record high as chip and AI plays fared well.
Sandisk triggered buy signals according to the article title.
Micron triggered buy signals according to the article title.
Crude oil prices continued to slide, pressuring energy-related assets.
Cisco Systems was explicitly mentioned as leading the Dow's losers.
Dow Jones futures were little changed and the index fell slightly, led by losses in Cisco and financials.
S&P 500 futures were little changed with a mixed but mostly positive session.
The Nasdaq Composite reached a record high on Wednesday, fueled by strong momentum in artificial intelligence and semiconductor stocks. Conversely, the Dow Jones Industrial Average slipped as losses in Cisco Systems and financial sector equities weighed on the index. Meanwhile, crude oil prices continued their downward trend, pressuring energy-related assets across the broader market.
The Nasdaq is benefiting from strong performance in chip and AI-related stocks, while the Dow Jones is being dragged down by specific losses in Cisco Systems and the financial sector.