Dow Gains as S&P 500, Nasdaq Slip on Oil Surge — SkimNews
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- Dow gained ground while the S&P 500 and Nasdaq slipped, as chip stocks dipped and oil prices rose (MarketWatch)
- Rising oil prices, falling technology stocks, and reversing bond yields kept Wall Street unsettled, with Reuters flagging a bond squeeze pressuring equities
Why it matters: The Dow-versus-tech divergence signals sector rotation is active: energy and rate-sensitive names outperformed while chip and tech stocks sold off as oil-driven inflation fears and a bond-market squeeze unsettled investors, per AP and Reuters.
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