The Dow Jones set a record close and the S&P 500 hit an intraday high heading into the Christmas holiday. Palantir, Tesla, Google and Nvidia are in buy areas.

Major stock indexes fell Wednesday, with the S&P 500 and Dow Jones Industrial Average on pace for a fourth consecutive decline, as AI bubble concerns resumed and investors digested tepid labor data.

Even in the age of AI, electric cars, and quantum computing, Charles Dow’s century-old wisdom – Dow Theory – is worth keeping in mind.

The Dow Jones Transportation Average (DJT) has surged roughly 10% over the past month, leaving it less than half a percent below its all-time high set in November 2024. Under Dow Theory, that should bode well for the broader stock market.

NASDAQ is losing ground as traders reduce their positions in tech stocks. Broadcom, which is down by 5.2%, is among the biggest losers in the NASDAQ index today. Strategy declined by 6.6% as Bitcoin pulled back towards the $86,000 level.

The S&P 500 traded about 0.1% higher, while the Nasdaq Composite also edged up by roughly the same amount. The Dow Jones Industrial Average outperformed slightly, rising 146 points, or 0.3%. The gains followed a weak prior session, when markets retreated after fresh economic data raised concerns about the underlying strength of the US economy.

The Dow Jones tracks 30 of the largest American companies across different sectors. Verizon, Chevron, and Merck hold the highest dividend yields in the Dow Jones. Chevron, Merck, and Coca-Cola stand out as buys heading into 2026.

US indices are very quiet as we head to the holidays.

The Dow Jones ended 230 points lower, after giving up over 500 points from the highs of the day. The S&P 500 fell 1.2%, while the Nasdaq saw losses of 1.8% led by losses in most AI-linked names. Both the S&P 500 and the Nasdaq closed below their respective 50-Day Moving Average (DMA).

Dow gains 0.44% while Nasdaq slips amid tech weakness. Investors watch Fed signals for potential rate cuts of 50 to 100 basis points. Oracle falls 4% after AI project loses funding. S&P 500 trades flat at 6,

Stocks looked set to move sideways on Tuesday, with much of Wall Street on vacation and only a couple of economic data releases due between now and the holiday season. Futures tracking the Dow Jones Industrial Average climbed 3 points, effectively trading flat. S&P 500 futures and contracts tied to the tech-heavy Nasdaq 100 were also unchanged.

The Dow Jones (DJIA) closed Wednesday’s shortened trading session in the green and less than 0.5% below its all-time high of 48,886.86. The index