Quartz·2 min read·medium
The Dow rallies 659 points on falling oil and earnings beats — even as chips kept dropping
✦AI Summary
The Dow Jones Industrial Average saw a significant rally driven by lower oil prices and strong corporate earnings. Conversely, the Nasdaq struggled as chip stocks continued a multi-day decline, prompting investors to shift capital into consumer staples and financials.
Chip stocks fell for a fourth straight day, dragging the Nasdaq, as investors rotated into consumer staples and financials
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