// COMPARE

Dow barely moved, adding just 12 points to 49,609. Old-economy names lagged as money rotated hard into growth and semis.

The Dow's flatness while Nasdaq surges 2.35% signals a classic rotation. Industrials and financials need rate-cut clarity that CPI data could provide.

50,000 psychological level remains the target. Needs breadth expansion from industrials and financials — unlikely without softer inflation data.

Meta slipped 1.2% to $609.63 as broader tech rotation favored hardware/semis over software/advertising names. Still 23% off its high.

Meta's $3.3B EU fine and ongoing Reality Labs losses are headwinds. The market is rewarding AI infrastructure plays over AI application plays this cycle.

$600 is the psychological floor. Trump's landmark social media regulation could create additional regulatory overhang if it advances.