Dow Hits Record High, Tech Stocks Falter

November 11th saw a mixed day on Wall Street, with the Dow Jones Industrial Average hitting a new high, driven by hopes of an end to the government shutdown. However, tech stocks faced headwinds, with the Nasdaq and S&P 500 declining. Nvidias stock dropped after SoftBank sold its stake, raising questions about the AI spending sprees potential payoff. CoreWeaves revenue forecast cut also weighed on tech stocks. Despite these challenges, optimism remained high about the shutdowns end, which could release delayed economic data and provide a clearer picture of future interest rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.