Dow, S&P 500 mark record closes
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A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off. The S&P 500 was mostly unchanged Thursday and hovering around its all-time high set in October.
Dow and S&P 500 futures are rising in premarket trading. The Nasdaq is falling as the stock market digests Broadcom earnings.
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What Happened in Markets Today Tech fell behind. The Dow Jones Industrial Average surged ahead on Thursday, a day after a Federal Reserve move viewed by some as [a "dovish" rate cut](
The U.S. stock market rose to the edge of its all-time high. The S&P 500 added 0.2% Friday and finished just shy of its record closing level, which was set in October.
The S&P 500 closed near its Oct. 28 record, buoyed by optimism that the Federal Reserve could cut interest rates next month.
As of 11:30 am Eastern Time, the S&P 500 slipped 0.3%, the Dow Jones Industrial Average was down 0.3%, and the Nasdaq Composite was 0.1% lower.
Wall Street faces a rough Thursday pre-market as major indices react to Oracle’s guidance and renewed fears of an AI-driven bubble. Despite early pullbacks, key benchmarks such as the NASDAQ 100, Dow Jones 30,