From Investopedia:

Equity indexes wrap with tech stocks gaining: Dow Salesforce up 2.6% while Walmart rises 1.9% after stock split. S&P 500 Domino’s Pizza surges 5.9% on strong earnings. Nvidia launches AI-RAN Alliance and new graphics cards. Kroger falls 2% as FTC blocks Albertsons merger. Nasdaq 100 Palo Alto Networks jumps 7.3% on partnership news. Micron rises on mass production of AI memory chip, benefiting Nvidia. Tesla among few Magnificent Seven stocks to gain ground, while Alphabet tumbles amid AI concerns. Walgreens Boots Alliance falls 3.4% as Amazon enters the Dow.

Amazon joins the Dow as Kroger stock dips on FTC lawsuit blocking Albertsons merger. Curse of the Dow theory suggests stocks leaving the index outperform new additions. Exception found in Apple’s rise after replacing AT&T. Performance of companies post-Dow inclusion could be cyclical rather than curse-related. Case study of stock changes since 2013 shows mixed results in supporting the Curse theory.

Salesforce stock climbs ahead of earnings report with expectations of profitability and EPS growth. Salesforce expected to report net income of $1.26 billion. Micron stock jumps on production of AI-powered memory chip set for Nvidia’s GPU. Domino’s Pizza stock rises on strong earnings, boosted dividend, and buyback program. Alcoa stock slides after $2.2 billion takeover offer for Alumina to expand global mining footprint.



Read more at Investopedia: Stocks Fall as Chip Rally Continues