The ongoing AI and “everything else” market in the US

performance discrepancy Dow Jones Industrial Average and Nasdaq Composite The US side on Wednesday doubled down on the suggestion that there are two markets in the US. One is the artificial intelligence market and the other is the “everything else” market.

The Dow Jones Industrial Average not only rose, but also hit a record high for the second year in a row, closing above the $48,000 level for the first time.

The index is comprised of 30 blue-chip companies and is typically considered an indicator of the “old economy.” So before Silicon Valley became a little sun powering everything, it’s primarily made up of the large, established companies that drove the U.S. economy, including banking, health care, and industry.

And it was those stocks – goldman sachs, Eli Lilly and caterpillar — that pushed the Dow higher on Wednesday.

Certainly a new and flashy name, Nvidia and sales forcewhich also makes up the Dow. However, because this index is price-weighted, companies with higher stock prices have more influence on the Dow average, so tech companies do not have as much influence on the Dow average.

This is in contrast to the Nasdaq, which focuses on a company’s market capitalization and is dominated by technology companies. Tech-heavy indexes fell as stocks such as Oracle and Palantir fell. Even Advanced Micro Devices’ growth outlook, which received 9% support, couldn’t lift the Nasdaq out of the red.

That’s not necessarily a warning sign about AI overdevelopment.

“In our view, there’s nothing wrong with scaling back some of the stock market gains and redistributing them to other spots,” said Josh Chastant, public investment portfolio manager at Guidestone Funds.

But what investors really want is for the forks to converge. That tends to be the safer path.

The Dow Jones Industrial Average set a new record. On Wednesday, the 30-stock index rose 0.68% to close above 48,000 for the first time. of S&P500 was almost flat, with the Nasdaq Composite down 0.26%. pan-european Stocks 600 It rose by 0.71%.

Antropic will invest $50 billion in U.S. AI infrastructure. The custom data centers will be built first in Texas and New York, with plans to go live in 2026 and then in more locations. The facility will be developed using Fluidstack, an AI cloud platform.

US employment and inflation data for October may not be released. White House press secretary Caroline Levitt told reporters that some of the fallout from the government shutdown could cause long-term damage to the government’s ability to collect data. But analysts think otherwise.

The U.S. House of Representatives heads to a vote. The U.S. House of Representatives on Wednesday night cleared necessary procedural hurdles before it can begin voting on a bill to end the government shutdown. Voting will take place at the time of publication.

(PRO) This US mining stock is a top player: CIO. Macroeconomic concerns such as the U.S. budget deficit and a weaker dollar could support stocks, said Stephen Iu of British fund Blue Whale Capital.

Why private equity is plagued by “zombie companies” that can’t be sold

Private equity firms are facing a new reality. An ever-increasing number of companies remain in portfolios like dead bodies, unable to thrive or disappear.

These so-called “zombie companies” are companies that aren’t growing, can barely generate enough cash to pay off debt, and can’t attract buyers even with discounts. These are typically locked up on the fund’s balance sheet beyond the expected holding period.

— Li Yingshan