The rotation continues with the 5 of 7 Mag 7 stocks lower while the Dow 30 rises. The S&P is little changed:
A look at the closing levels shows:
- Dow Industrial Average rose 326.86 points or 0.68% at 48254.82. It is the first close above 48K
- S&P rose 4.31 points or 0.06% at 6850.92
- Nasdaq fell -61.84 point or -0.26% at 23406.46.
Looking at the Magnificent 7, the declines were led by Meta which tumbled -2.90%, Late buying took the price of Nvidia into positive territory. Microsoft also closed higher by 0.48%.
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Meta Platforms: -2.90%
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Tesla: -2.04%
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Amazon.com: -1.95%
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Alphabet A: -1.56%
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Apple: -0.65%
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NVIDIA: +0.33%
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Microsoft: +0.48%
Meta shares are now down -22.91% from its high closing level.The closing level from 2025 was at $585. The price is getting close to that level at $609.01 after reaching a high closing level at $790.
AMD shares rose $21.37 or 9.0% at $258.89 after positive spin from their investor day yesterday.
Looking at the Dow, the gains were led by UnitedHealth and Goldman. 21 of 30 stocks closed higher with
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UnitedHealth: +3.55%
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Goldman Sachs: +3.54%
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Cisco: +3.14%
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Nike: +1.66%
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Walt Disney: +1.57%
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JPMorgan: +1.54%
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3M: +1.43%
The biggest losers were led by Amazon and Apple:
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Amazon.com: -1.95%
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Chevron: -1.87%
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Home Depot: -0.83%
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Apple: -0.65%
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Amgen: -0.64%
This article was written by Greg Michalowski at investinglive.com.