The Dow Jones Industrial Average inched up at Thursday's opening bell and rallied throughout the trading session to set a new all-time closing high as the prospect of lower borrowing costs boosted sectors beyond technology and the AI spending boom. It was a different story for the Nasdaq Composite and the S&P 500.
Visa (V, +6.1%) led 22 of the 30 Dow Jones stocks into positive territory after BofA Securities upgraded it to Buy from Neutral and reiterated a $382 12-month target price, potential upside of more than 10% vs Thursday's closing price.
