Dow Rises, Nasdaq Falls After Broadcom Earnings Disappoint
The U.S. stock market showed mixed performance on Thursday as the Dow Jones Industrial Average rose over 1% while tech-heavy indices like the S&P 500 and Nasdaq fell due to disappointing earnings from Broadcom (AVGO). The AI chip forecast by Broadcom raised concerns about the strength of the AI trade, causing its shares to drop more than 14%.
Tickers: $AVGO
Topics: ai trade concerns broadcom earnings dow jones rise nasdaq decline