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The Dow Jones rose 226 points, or 0.4%, in Thursday trading, supported by financial stocks, while the S&P 500 fell 0.6% and the Nasdaq dropped 1.5%. Technology and AI stocks declined for a second day amid investor concerns that Democratic gains in the midterm elections—and control of both chambers of Congress—could lead to tighter regulation of the sector. Nvidia and Broadcom shares each fell 4%. The Dow had surged by more than 1,500 points on Wednesday. Meanwhile, a portfolio manager warned that the rally and the shift away from AI stocks could prove temporary as investors assess the election’s implications.
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