US markets ended Thursday with mixed results as investors rotated into financial and healthcare stocks while technology shares came under pressure. The Dow Jones Industrial Average surged to a fresh record closing high, while the Nasdaq Composite slipped slightly following weakness in semiconductor stocks.
Dow leads the rally
The Dow Jones Industrial Average gained approximately 1.7%, reaching a new all-time closing high. The advance was driven primarily by strong performances from financial institutions and healthcare companies as investors sought value outside the technology sector. The S&P 500 also moved higher, gaining around 0.4%.
Technology sector weighs on Nasdaq
The Nasdaq Composite edged lower after a significant decline in semiconductor shares. Investor sentiment toward the sector weakened after disappointing results from major chipmaker Broadcom, leading to broader selling across AI-related technology stocks.
Lower oil prices support sentiment
A decline in oil prices helped improve market sentiment by easing inflation concerns. Investors also welcomed signs of reduced geopolitical tensions in the Middle East, contributing to stronger demand for equities outside the technology sector.
Attention turns to economic data
Market participants are now focused on upcoming labour market data and future Federal Reserve policy signals. While the broader market remains near record levels, investors continue to assess whether economic growth can remain resilient amid moderating employment trends and shifting interest-rate expectations.
Newshub Editorial in North America – 5 June 2026
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