{"id":49754,"date":"2025-11-11T18:26:00","date_gmt":"2025-11-12T00:26:00","guid":{"rendered":"https:\/\/ustower.net\/?p=49754"},"modified":"2025-11-11T23:28:26","modified_gmt":"2025-11-12T05:28:26","slug":"dow-posts-record-high-nasdaq-drops-amid-tech-worries","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=49754","title":{"rendered":"Dow posts record high; Nasdaq drops amid tech worries"},"content":{"rendered":"\n

Nov. 11 (UPI) — The Dow Jones Industrial Average posted a record high upon closing on Tuesday, while the Nasdaq Composite finished down as investors generally sold their tech holdings.<\/p>\n\n\n\n

The Dow is comprised of 30 blue-chip stocks and closed at a record 47,927.96 after posting a 559.33-point rise during the day’s trading amid news that the federal government shutdown<\/a> likely will end soon, according to CNBC<\/a>.<\/p>\n\n\n\n

The increase represented a 1.18% gain as investors, buoyed by news the shutdown is on track to end<\/a>, bought shares in leading healthcare companies, including Merck, Amgen and Johnson & Johnson.<\/p>\n\n\n\n

A general selloff of tech stocks accounted for the Nasdaq’s relatively poor performance on Tuesday and likely contributed to the Dow’s record close as investors switched to other investments.<\/p>\n\n\n\n

“These tech companies, they’re cash-flow machines,” Logan Capital Management portfolio manager Bill Fitzpatrick told CNBC.<\/p>\n\n\n\n

“It doesn’t take much, a little bit of negative news, for the sentiment to turn just a little bit, and you get an unwind that is more favorable to value equities,” Fitzpatrick explained.<\/p>\n\n\n\n

The S&P 500 also posted a gain of 0.21% as it closed at 6,846.61. The tech-heavy Nasdaq, however, posted a 0.25% decrease to 23,468.30 by the end of the day’s trading.<\/p>\n\n\n\n

Shares in Nvidia, the powerhouse maker of AI processing hardware, dropped by 2.96% as investor SoftBank Group sold all of its holdings in the chipmaker on Tuesday.<\/p>\n\n\n\n

Nvidia’s share price closed at 193.16, which is a decrease of 5.89.<\/p>\n\n\n\n

CoreWeave also adjusted down its revenue forecast for the year, which triggered a 15% decline in its share price.<\/p>\n\n\n\n

The tech firm that specializes in artificial intelligence infrastructure cited delays by a data center affiliate as the cause of its lower revenue forecast.<\/p>\n\n\n\n

upi<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Nov. 11 (UPI) — The Dow Jones Industrial Average posted a record high upon closing on Tuesday, while the Nasdaq Composite finished down as investors generally sold their tech holdings. The Dow is comprised of 30 blue-chip stocks and closed at a record 47,927.96 after posting a 559.33-point rise during the day’s trading amid news that […]<\/p>\n","protected":false},"author":6,"featured_media":49755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[35240,32671,3888],"class_list":["post-49754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dow-jones","tag-nasdaq","tag-tech-stocks"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/49754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49754"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/49754\/revisions"}],"predecessor-version":[{"id":49756,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/49754\/revisions\/49756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/49755"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}