The rotation continues with the 5 of 7 Mag 7 stocks lower while the Dow 30 rises. The S&P is little changed:
A look at the closing levels shows:
- Dow Industrial Average rose 326.86 points or 0.68% at 48254.82. It is the first close above 48K
- S&P rose 4.31 points or 0.06% at 6850.92
- Nasdaq fell -61.84 point or -0.26% at 23406.46.
Looking at the Magnificent 7, the declines were led by Meta which tumbled -2.90%, Late buying took the price of Nvidia into positive territory. Microsoft also closed higher by 0.48%.
Meta Platforms: -2.90%
Tesla: -2.04%
Amazon.com: -1.95%
Alphabet A: -1.56%
Apple: -0.65%
NVIDIA: +0.33%
Microsoft: +0.48%
Meta shares are now down -22.91% from its high closing level.The closing level from 2025 was at $585. The price is getting close to that level at $609.01 after reaching a high closing level at $790.
AMD shares rose $21.37 or 9.0% at $258.89 after positive spin from their investor day yesterday.
Looking at the Dow, the gains were led by UnitedHealth and Goldman. 21 of 30 stocks closed higher with
UnitedHealth: +3.55%
Goldman Sachs: +3.54%
Cisco: +3.14%
Nike: +1.66%
Walt Disney: +1.57%
JPMorgan: +1.54%
3M: +1.43%
The biggest losers were led by Amazon and Apple:
Amazon.com: -1.95%
Chevron: -1.87%
Home Depot: -0.83%
Apple: -0.65%
Amgen: -0.64%
