The major US stock indices are closing mixed with the Dow industrial average lower while the broader S&P and NASDAQ indices are closing higher, and at record levels.A snapshot of the closing levels shows: Dow industrial average -79.61 points or -0.16% at 49230.71S&P +56.68 points or 0.80% at 7165.08NASDAQ index up 398.09 points or 1.63% at 24836.60The small-cap Russell 2000 rose 11.90 points or 0.43% at 2787.00.For the trading week, the Dow industrial average also fell while the S&P and NASDAQ indices closed higher: Dow industrial average fell -0.44%S&P index rose 0.55%NASDAQ index rose 1.50%The winners were clearly dominated by semiconductor and AI-linked names, with a strong secondary lift from cyclicals and energy-related stocks. Intel was the big winner after their beat in earnings after the close yesterday.At the top of the leaderboard:Intel (+23.6%) led the surge, reflecting strong AI-driven demand and bullish forward guidance
AMD (+13.9%) and Arm (+14.8%) followed, riding the same AI tailwinds
Qualcomm (+11.1%) and Synopsys (+9.6%) added to the chip-sector strength
Ambarella (+9.1%) and Super Micro Computer (+8.7%) continued the AI/data-center momentum
Outside of chips but still strong:Newmont (+8.6%) benefited from firm gold prices
Baker Hughes (+6.9%) gained on energy sector strength
SanDisk (+6.2%), Baidu (+5.9%), and Cadence (+5.9%) added solid gains
Shake Shack (+5.5%) and TSMC (+5.2%) rounded out the winnersShares of Nvidia, Amazon, and Alphabet closed at a new record levels. Next week will be a big week earnings with Amazon, Alphabet, Apple, Meta, Visa, Boeing, McDonald’s, Exxon, Chevron all scheduled to release.Big picture:
The move fits with the broader market theme—AI and semiconductor stocks are leading the rally, with Intel acting as the catalyst and pulling the entire chip space higher. Bottom line:
AI/chip stocks = clear leaders, with broad participation across the sector and supportive momentum spilling into energy and select cyclicals.
This article was written by Greg Michalowski at investinglive.com.
đź’ˇ DMK Insight
The mixed close in US indices signals a divergence in market sentiment that traders need to watch closely. While the Dow slipped slightly, the S&P and NASDAQ hit record highs, indicating a rotation towards growth stocks. This could suggest that investors are favoring tech and consumer discretionary sectors, which often lead during bullish phases. Traders should monitor the S&P’s resistance around 7200 and the NASDAQ’s performance, as a pullback could trigger profit-taking. The Dow’s weakness might reflect concerns over inflation or interest rates, which could impact sectors differently. If the Dow continues to underperform, it may signal a broader market correction, especially if the S&P and NASDAQ can’t maintain their momentum. Keep an eye on economic indicators like job reports or inflation data that could sway market sentiment in the coming weeks.
đź“® Takeaway
Watch the S&P’s resistance at 7200 and the Dow’s performance; a sustained divergence could indicate a market correction.


