Dow Rises 0.45% While Nasdaq Slips 0.64% Amid Tech Pressure

US markets close mixed as Dow gains on industrial strength while Nasdaq falls due to tech weakness and rising bond yields.

Woofun AI data shows that the Dow Jones Industrial Average increased by 0.45%, driven by gains in industrial and financial sectors. The S&P 500 rose marginally by 0.05%, while the Nasdaq Composite declined by 0.64%, weighed down by technology shares. Federal Reserve officials reiterated a patient stance on rate cuts, adding caution to growth stocks. Strong earnings from a major industrial firm supported the Dow, whereas rising bond yields pressured high-valuation tech names.