Markets Split: Dow Stumbles as Nasdaq Charges & S&P 500 Flirts With All-Time Highs

Wall Street's playing split-screen today—while the Dow coughs up gains, the Nasdaq's riding tech momentum and the S&P 500 teases record territory. Classic 2025 market schizophrenia.

Dow's Bad Day at the Office

Blue chips bled out—no surprise when inflation jitters meet old-economy dinosaurs. Some things never change.

Tech Saves the Day (Again)

Nasdaq's rally proves algorithms still believe in fairy tales—growth stocks, AI hype, and the Fed's magical rate-cut wand.

S&P: The Tortoise Wins?

While everyone obsesses over flashy tech, the broad-market index quietly creeps toward ATHs. Boring wins—until the next correction.

Memo to traders: This is why you diversify. Or just YOLO into crypto like the cool kids.

Nvidia near ATH, Trump looking for Powell’s replacement

In particular, Nvidia had strong gains, rising 3.4% to $152.93. This puts it on track to surpass its intraday all-time high of $153.13, last seen in January. The rally also pushed Nvidia’s market cap to $3.71 trillion, surpassing Microsoft’s $3.65 trillion.

The rally was likely fueled by Bank of America’s guidance on the stock, which identified it as the leader in AI chips. Moreover, Nvidia and the broader AI sector could benefit from the easier monetary policy that U.S. President Donald TRUMP is advocating.

After months of pressuring Federal Reserve Chair Jerome Powell, Trump stated that he is actively seeking a replacement. The President said he is now down to 3 or 4 candidates to replace Powell as Fed Chair. Trump did not say whether he WOULD fire Powell before his term officially ends in May 2026.