Explore the latest developments concerning Dow closes 270.
Dow closes 270 points higher, Nasdaq slips as investors rotate out of tech: Live updates
The Dow Jones Industrial Average rose on Thursday, while the Nasdaq Composite came under pressure as investors moved away from technology stocks.
The 30-stock Dow climbed 270.03 points, or 0.55%, and ended at 49,266.11. The tech-heavy Nasdaq dropped 0.44% and settled at 23,480.02. The S&P 500 advanced 0.01% and closed at 6,921.46. Among the 11 S&P 500 sectors, information technology was the laggard, falling more than 1%.
Artificial intelligence darling Nvidia was among the names investors exited, ending the day down more than 2%. Fellow AI play Oracle pulled back nearly 2%. Shares of iPhone maker Apple were also down, notching a seventh day of losses.
While Rob Haworth, senior investment strategy director at U.S. Bank Asset Management, believes that tech and AI will remain an important theme for 2026, he thinks the trade's status as an upside driver will be dependent on whether use cases start to arise and in what sectors.
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