Thursday, August 20

Topic: stocks

The New York Stock Exchange on Wall Street (file image)
Business
Tuesday, 7/7, 01:26 PM

The Dow Tops 53,000 as Investors Rotate Out of Chip Stocks

  • The Dow Jones Industrial Average closed above 53,000 for the first time as money flowed into steadier, old-economy stocks, while semiconductor shares extended a sharp slide.
  • The move points to a rotation away from the AI-chip names that had led the market's gains this year.

In brief

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