Dow Jones

Key insight

Dow diverges from Nasdaq at record spread — +0.4% vs -1.5% — confirming sector rotation into value/defensives. 54,000 round-number resistance is the next bull gating level to clear.

53,654 holds above the 50-day MA near 52,800 as the Dow outperforms Nasdaq (-1.5%) — defensives and value names leading rotation signal durable near-term bid.

Main risk

Tech selloff spills into broad market

Nasdaq -1.5% single-day drop risks contagion; a close below 53,000 would breach near-term structure and expose 52,400 50-day MA.