The Dow rebounded in the US stock market after three sessions of declines, closing at $52,177.69, up $556.21. While some AI-related stocks declined, funds flowed into consumer and healthcare stocks.
The Dow Jones Industrial Average rebounded in New York trading on the 15th after three sessions of declines, closing at $52,177.69, up $556.21 from the previous day. Investors bought consumer and healthcare stocks despite declines in some AI-related names. Lower long-term US interest rates also supported the market.
Concerns over excessive debt among AI-related companies and the returns on their investments persisted, while reports indicated a cyclical shift of funds toward relatively undervalued stocks. Among Dow components, gains in consumer-related stocks such as Nike and Home Depot stood out.
The Nasdaq Composite rebounded modestly, rising 0.1%, with stocks such as Netflix attracting buying. Cisco Systems, NVIDIA and Caterpillar, on the other hand, came under selling pressure. Declines were also seen mainly among stocks with high P/E ratios.
The 10-year Treasury yield temporarily fell to around 5.03%, prompting buying of US Treasuries. This broadened buying in consumer-related and economically sensitive stocks, while developments related to CoreWeave and the release of the PPI influenced the market's level of caution.