Dow Rallies 660 Points. Nvidia Misses Out on the Gravy Train.

view original post

The stock market extended its rally Tuesday ahead Thanksgiving as Wall Street continued its rotation away from artificial intelligence winners.

The Dow Jones Industrial Average rose 664 points, or 1.4%. The S&P 500 was up 0.9%. The Nasdaq Composite was up 0.7%.

The major indexes rallied despite selling in Nvidia as well as other chip and utility stocks that have benefitted from the AI theme.