Nasdaq Hits Record on Megacap Tech; Dow Slips, Dollar Firms — SkimNews
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- Nasdaq hit a record high as megacap tech stocks led the rally, lifting the S&P 500 alongside it.
- The Dow slipped and the dollar strengthened as investors sought safety, even as bond yields surged.
Why it matters: A single session saw the Nasdaq hit records on megacap tech while the Dow slipped and the dollar firmed on safety bids. The split shows growth conviction and defensive caution coexisting despite surging yields — meaning the rally rests on a handful of mega-cap names, not broad participation.
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