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Benzinga
Benzinga
Business
Piero Cingari

Dow Hits Records as Money Rotates Out of AI Chips Into Blue Chips: This Week on Wall Street

US Federal Reserve Dow Jones Industrial Average United States America Inflation NIke Stock Market
wall street ai3

As America approaches its 250th birthday, the Dow Jones Industrial Average — the oldest U.S. stock market index — capped a holiday-shortened week at fresh record highs, surpassing 52,500 points on Thursday.

The rally reflected a great rotation from AI capex names into the blue-chip industrials, benefiting from that same spending wave.

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