Market Overview - US stocks opened mostly lower following a rally, with concerns about high valuations in the artificial intelligence sector, particularly affecting Nvidia [1][7] - The Dow Jones Industrial Average reached a record high, gaining 559 points, or 1.2%, surpassing its previous all-time high set two weeks ago [6][7] - The Nasdaq Composite lagged behind, dipping 0.3% due to ongoing concerns about the valuation of AI-related stocks [7] Sector Performance - Investors shifted focus to sectors with lower valuations and less exposure to artificial intelligence, benefiting consumer stocks like Walmart, Home Depot, and McDonald's [5][7] - The healthcare sector emerged as the top performer, driven by gains in companies such as Eli Lilly and Johnson & Johnson [5] Investor Sentiment - Optimism regarding a potential end to the US government shutdown contributed to the overall positive sentiment in the market, despite weaknesses in some leading technology stocks [6][7] - The S&P 500 index added 0.2%, marking its third consecutive positive session after a rebound following its first losing week in four [6][7]
S&P 500, NASDAQ and Dow Jones futures see slight gain after tech stocks drive movement in Wall Street; here’s how key indices performed