Dow Gains 0.49% While Nasdaq Slips 0.83% in Mixed Session

US equities diverged as defensive sectors lifted the Dow to a two-week high, while tech weakness dragged the Nasdaq down amid mixed earnings and stable Treasury yields.

Woofun AI reports that Wall Street closed mixed, with the Dow Jones Industrial Average rising 0.49% to its highest level in two weeks, while the S&P 500 fell 0.17% and the Nasdaq Composite dropped 0.83%. The divergence stemmed from a rotation into defensive healthcare and financial stocks, contrasting with declines in large-cap tech names pressured by valuation concerns. Market breadth remained balanced on the NYSE, though tech weakness weighed on the broader index. Treasury yields held steady near 4.2% for the 10-year note, following jobless claims data slightly above expectations and a contraction in Philadelphia manufacturing activity, reinforcing expectations that the Federal Reserve will maintain interest rates at its next meeting.