Dow Jones futures were little changed overnight, along with S&P 500 futures and Nasdaq futures. BroadcomAVGO turned solidly lower late despite reporting strong earnings and guidance as AI chip sales boom.

Lower- and middle-income households are feeling the squeeze of high prices following years of high inflation, along with a slowing job market. That means a roughly 25% chance of a recession, according to Barry Bannister, chief equity strategist at Stifel.

Dow rises while Nasdaq falls as tech stocks drop on AI spending fears, with traders assessing Fed cuts and sector rotation across US indices.

The Dow Jones ended 650 points higher on Thursday to close above the 48,700 mark, while the S&P 500 closed above the 6,900 mark for the first time. The index is now just 20 points away from its intraday record of 6,

As 2025 draws to a close, the Dow Jones Industrial Average (DJIA) is having a superb year, up nearly 13% year to date. While artificial intelligence (AI)-oriented stocks continue to dominate headlines,

AI spending is front and center again for investors. Oracle plunged Thursday, with top hardware makers including Nvidia and Broadcom also dropping.

Wall Street faces a rough Thursday pre-market as major indices react to Oracle’s guidance and renewed fears of an AI-driven bubble. Despite early pullbacks, key benchmarks such as the NASDAQ 100, Dow Jones 30,

Shares of Oracle plunged 14% Thursday morning and sent a shiver through the entire AI trade as investors questioned the sustainability of Big Tech’s spending.