The Dow Closed Higher While the Nasdaq Lost 1.25 Per Cent. What Split Them?
@Marktomarket：
The indices: the selling stayed inside technology, so the Nasdaq fell while the Dow closed higher The three indices split on Thursday: the $NASDAQ(.IXIC)$ fell 1.25 per cent to 27,193.34, the steepest of them; the $S&P 500(.SPX)$ fell 0.47 per cent to 7,765.36; and the $Dow Jones(.DJI)$ rose 0.10 per cent to 51,231.60. The 10-year Treasury yield came back from 5.28 per cent to 5.23 per cent on the same day. Rates fell and equities fell with them, which is not the chain of cause and effect of recent days: what was repriced was the assumption about demand along the AI chain, and the discount rate had nothing to d