U.S. Stocks Diverge on Aug. 5: DJI Up 0.8%, S&P 500 Fades From Record High, Nasdaq Slides

According to market data on Aug. 5 at around 11:36 a.m. Eastern time, U.S. stocks diverged as the Dow Jones Industrial Average ETF rose roughly 0.8%, the S&P 500 ETF was nearly unchanged after reaching an intraday high of $776.70, and the Nasdaq-tracking QQQ ETF fell about 0.2%. The S&P 500 and Dow had opened at record highs, supported by strong corporate earnings and renewed demand for artificial intelligence stocks.

Technically, the Dow traded near 54,728 on its 15-minute chart with a first resistance target at 54,800. Individual stocks showed divergence: Nvidia gained 3.7%, Disney rose 2.3%, and Eli Lilly advanced 2.8%, while AMD dropped 6.6% and Uber fell 6.3%. Meanwhile, ADP reported that private employers added 44,000 jobs in July, down from a revised 95,000 in June, and the 10-year Treasury yield remained near 4.63%.