Why the Dow Is Beating the S&P and Nasdaq
Why the Dow Is Beating the S&P and Nasdaq · Barrons.com

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The S&P 500 was down 1.4%. The Nasdaq Composite was down 2.3%. The Dow is holding up better today for the same reason it lagged behind the S&P and Nasdaq for much of the past couple years: The blue-chip index lacks a substantial number of key stocks tied to the AI trade, including major semiconductor and utility firms.