Overview
- The Dow led major U.S. indexes at new session highs, up about 1.45% intraday.
- The S&P 500 gained roughly 0.9% and the Nasdaq turned positive after early losses, recently up about 0.6%.
- Nvidia fell roughly 3% intraday after touching a low near $169.55 before rebounding to around $177, weighing on indexes.
- Other chip and AI-linked stocks lagged, with AMD down between 5% and 7% intraday as several semiconductor names underperformed.
- Cyclical and consumer shares outperformed, with notable movers including Zoom (+13%), Chipotle (+6%), Home Depot (about +4%), and airlines advancing.