// COMPARE

Dow ground out a marginal +0.05% to 50,669, lagging tech-led peers as defensives and rate-sensitives waited for Friday's PCE inflation print before committing.

Dow is the cyclical/value side of the record-high party — without a fresh rotation catalyst, it tracks but doesn't lead. The Iran-deal trade benefits transports and energy unevenly.

PCE inflation Friday — a hot print would hit rate-sensitive Dow components first. 51,000 is the round-number target; support 50,200. Energy weight matters if oil headlines whipsaw.

Nasdaq 100 jumped to 30,223.9 (+0.84%), outperforming as AI-leveraged names led on the ceasefire bid plus fresh Anthropic $1T valuation chatter. Micron Q1 earnings still echoing.

The AI capex narrative is still doing the heavy lifting — Anthropic IPO and Samsung HBM4E shipping headlines reinforce the spend cycle. Peter Schiff's bubble warning is the only counter, and it hasn't bit yet.

30,500 is the next round-number magnet. PCE Friday plus any Nvidia commentary into the next earnings window. Loss of 29,800 would be the first real warning shot.