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Dow reaches record high as Nasdaq falls
The US stock market experienced a record-high increase in the Dow Jones Industrial Average, which rose by 862.27 points to reach 51,549.34 points. The S&P 500 saw a slight gain of 19.32 points, reaching 7,573 points, while the Nasdaq declined by 51.21 points to 26,802.76 points. This performance came after gains in UnitedHealth shares and sectors such as finance and healthcare, whereas Qualcomm's stock dropped by 14% following long-term revenue projections of up to $100 billion from AI chip segments. The market is influenced by some global tensions, particularly between the United States and Iran, along with data showing rising unemployment benefit claims and expectations of interest rate hikes by the Federal Reserve.
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