Blue Chips Advance; Small Caps Lead as Chip Stocks Slip

Russell 2000 gained 1.38% while chip sector rotated lower; ServiceNow jumped on AI product launch.

Money365.Market AI1 min readFear & Greed: 56 (Greed)

Where the market closed

S&P 500
7,744.06
▲ +0.33%
NASDAQ Composite
26,713.03
▲ +0.08%
DOW Jones
52,177.69
▲ +1.08%
Russell 2000
2,767.27
▲ +1.38%
FTSE 100
10,840.35
▲ +1.08%
VIX
16.39
▲ +7.33%
10Y Treasury Yield
5.19%
▼ -3 bps
Dollar Index
102.015
▼ -0.52%
EUR/USD
1.1218
▲ +0.55%
GBP/USD
1.3275
▲ +0.64%

Index levels, yields and exchange rates at the US close. Source: market data via Yahoo Finance. New to index investing? See our complete S&P 500 guide.

What moved the market

Broader market indexes advanced as investors rotated away from semiconductor stocks amid concerns about AI infrastructure spending sustainability and competition from Chinese chipmaker CXMT. Small caps and blue chips outperformed, with the Russell 2000 gaining 1.38% and the Dow adding 1.08%, while the tech-heavy Nasdaq lagged at 0.08%.

The 30-second read

  • •Russell 2000 rose 1.38%, Dow gained 1.08%; Nasdaq trailed at 0.08%
  • •Chip stocks fell on AI spending concerns and Chinese competition from CXMT
  • •$INTC dropped 4.56% on 1-day basis; $NOW jumped 5.1% on AI product launch
  • •$MRNA hit 52-week highs as Goldman Sachs raised price target to $137
  • •$KO partnership with KFC announced; Coca-Cola products roll out spring 2027

Today's top movers

NOW▲ +5.1%AI agent-building tools launched without coding required
INTC▼ 4.6%CXMT progress, AI spending concerns hit chip sector

Reference & disclosures

Sources & headlines

  • KFC to switch to Coca-Cola beverages in U.S. restaurants for the first time in decades — CNBC
  • Does Paul Tudor Jones Know Something Wall Street Doesn't? The Billionaire Says It's 1999 All Over and That 2027 Is Going to Be 'Really, Really Challenging' for the Market. — Yahoo
  • As chip stocks fall, investors are turning elsewhere in the market: Chart of the Day — Yahoo
  • Nvidia and Cisco confirm multimillion-dollar donations to Trump's White House ballroom — CNBC
  • MRNA Stock Hits Fresh 52-Week Highs As Goldman Raises Target Ahead Of Melanoma Data — Yahoo
  • Warren Buffett Has Championed This 1 Investment for Decades, and It Could Turn $200 per Month Into $1.2 Million — Yahoo
  • These 2 Stocks Have Run Circles Around the Magnificent Seven This Year, and Wall Street Says There Is More Upside Ahead — Yahoo
  • Michael Dell Loses Title of World’s Fourth Richest Person After $36 Billion Drop in Net Worth in Two Days — Yahoo
  • Why ServiceNow (NOW) Stock Is Trading Up Today — Yahoo
  • Some 'classic' money advice is actually pretty new—and not all of it is worthwhile, says historian — CNBC

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