The Dow Jones Industrial Average reached a new closing record on Tuesday (11.11.2025) Wall Streetwhile the Nasdaq Composite struggled as investors moved their money out of the shares technology in other segments of the market that were trading at lower valuations.
Specifically, the Dow Jones rose 559.33 points, or 1.18%, to close at 47,927.96, as Wall Street investors bought shares of various blue-chip companies, including healthcare giants Merck, Amgen and Johnson & Johnson.
The S&P 500 also rose 0.21% to close at 6,846.61, while the tech-heavy Nasdaq lost 0.25% to 23,468.30.
Artificial intelligence infrastructure provider CoreWeave was among the laggards during the session. Its shares fell more than 16% after investors were disappointed by the company’s forecasts, hitting trading in the artificial intelligence sector.
Meanwhile, shares of artificial intelligence chip favorite Nvidia fell about 3% after SoftBank sold all of its shares in the chipmaker for more than $5 billion.
“These tech companies are cash-flow engines,” Bill Fitzpatrick, a portfolio manager at Logan Capital Management, told CNBC, adding, “They’re great companies, but the starting point matters, and given their value today, it doesn’t take much — a little bit of bad news — to change the sentiment a little bit and have a relaxation that’s more favorable to value stocks.”