US stocks diverge further: Dow hits new highs vs tech stocks slide collectively, is the market style switching?

Question

【BitPush】Last night, the US stock market showed a mixed trend. The Dow Jones continued its strong performance, rising by 1.34%, hitting a new record high; the S&P 500 followed with a 0.2% gain, remaining stable; the Nasdaq, on the other hand, retreated by 0.25%, with technology stocks under obvious pressure.

Looking at specific stocks: Oracle(ORCL.N) plummeted 10.8%, dragging down the market; Intel(INTC.O) also fell 3%; even Nvidia(NVDA.O) couldn’t withstand the pressure, down 1.5%. Chinese concept stocks also didn’t perform well, with the Nasdaq China Golden Dragon Index slightly declining, and Alibaba(BABA.N) closing down 1%.

The technology sector overall remains under pressure, while traditional blue-chip stocks are attracting funds. This style shift is worth noting—it may indicate rising market risk aversion.

MetaverseHomeless · Accepted Answer

While the Dow hits new highs, tech stocks are still getting hammered. This doesn't seem right... Are traditional blue chips really turning around?

MysteryBoxBuster · Answer

Oracle 10.8% what are they thinking, this time the tech sector is really dead.

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The Dow hits a new high, are traditional blue chips bottoming out? The style switch is quite obvious.

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Nvidia has fallen, what else can we talk about? Safe-haven sentiment is really here.

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The Nasdaq underperformed, and Chinese concept stocks didn't escape either, this rhythm is amazing.

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I'm starting to suspect whether the tech stocks' rebound is fake.

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Traditional blue chips are eating chickens, tech stocks are being eaten, the market has really changed its mind.

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Wait, why did Oracle plunge so much? Did something happen?

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Blue chips hit new highs while tech stocks pull back, the market trend is changing so quickly.

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Chinese concept stocks are also dragged down, it's uncomfortable.

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Watching the Dow rise and the Nasdaq fall, it’s really a bit ironic.

ILCollector · Answer

Oracle directly plunged 10.8%? How big of a scandal is this? It kept me from sleeping well last night.

SchrodingersFOMO · Answer

Oracle dropped 10.8% in one go, crashing immediately; even Nvidia couldn't hold up.

Degen4Breakfast · Answer

Oracle drops directly by 10.8%, this is a direct sell-off... Even Nvidia can't withstand it, are tech stocks really going to decline?

AirdropHustler · Answer

Why did Oracle's stock plummet so sharply? It seems that tech stocks are really getting a bit risky. It's better to hold some cash and stay cautious.

CryingOldWallet · Answer

Oracle's recent plunge is outrageous, dumping the market directly. Are tech stocks really going to cool down?

BlockBargainHunter · Answer

The Dow Jones Industrial Average hits a new high again. Is this time really without tech? It feels like the market is shedding baggage.

NightAirdropper · Answer

Oracle directly plummeted by 10.8%, is something big about to happen? Tech stocks really can't hold up anymore.

US stocks diverge further: Dow hits new highs vs tech stocks slide collectively, is the market style switching?

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