Dow Rises Over 1% as S&P Turns Positive; Nasdaq Trims Loss to Under 0.3%

The divergence is the story: a broad blue-chip and bank bid alongside a sharp semiconductor drawdown points to rotation rather than a uniform risk-on move. That split matters for anyone reading index-level strength as a clean signal, since the tech-heavy Nasdaq is being held back by chips even as the Dow and S&P advance. Whether the chip weakness stays contained to that sector, or starts dragging the wider tape, is the open question.