Wall Street indexes post closing record highs, AI rally pauses
By Saeed Azhar, Twesha
Dikshit and Utkarsh
Hathi
Wed May 27, 2026
Tech was certainly chaotic today with both indexes swinging wildly between red and black but spending most of the day well into the red though a late session comeback put them very modesty into the black. However, since they were already at records, even a very modest jump put them both into another record close. The Dow enjoyed the benefit of these tech jitters as AI investors chose caution today while watching the peace talks. Everyone was jumping from tech into industrials giving the Dow another nice 3-digit advance, recouping well more than yesterday’s losses, and once again putting it in record territory.
This is the 3rd of 4 trading days in which the Dow closed at a new record. Oil is down 5% which socked the energy index 1.5% and, of course, chips were the main victims of today’s tech pause with that index down 1.4%. However, as today’s expert put it, “Technology leadership remains difficult to ignore” with the sector continuing to reach new highs vs the broader market. Next on the radar is tomorrow’s PCE report as the chief inflation metric used by the Fed. Volume at 18.81 was again right in line with the 4-week average of 18.78 billion.
DJ: 50,461.68 -118.02 NAS: 26,656.18
+312.21 S&P: 7,519.12
+45.65 5/26
DJ: 50,644.28 +182.60 NAS: 26,674.74
+18.55 S&P: 7,520.36
+1.24 5/27
No comments:
Post a Comment