Dow Notches Fresh Record, Nasdaq Slides as Tesla Sinks, Semiconductors Extend Decline

💡 The Dow Jones Industrial Average notched a fresh record high, while the Nasdaq Composite slid as Tesla plummeted and semiconductors continued their decline.

The Dow Jones Industrial Average notched a fresh record high, while the Nasdaq Composite slid as Tesla plummeted and semiconductors continued their decline.

The S&P 500 also rose, with the benchmark index gaining 0.2% to close at 4,175.85. The Dow Jones' record close came despite a decline in the industrial sector, led by $NVDA, which fell 2.3% after a profit warning.

Nasdaq Slides as Tesla Sinks

Tesla's share price plummeted 7.1% after the electric vehicle maker reported a disappointing quarterly earnings report. The $TSLA decline weighed heavily on the Nasdaq, which fell 0.6% to close at 14,806.49.

Semiconductors Extend Decline

Semiconductor stocks continued their decline, with $TXN falling 1.4% after a disappointing earnings report. The semiconductor sector has been under pressure in recent weeks, with many stocks experiencing a sharp decline.

Dow Notches Fresh Record

Despite the decline in the Nasdaq, the Dow Jones notched a fresh record high, gaining 0.3% to close at 35,662.85. The record close came despite a decline in the industrial sector, led by $CAT, which fell 1.1%.

What It Means for Investors