Dow Jones Outperforms as Investors Shift Away From Tech

The Dow Jones Industrial Average rose 213.67 points, or 0.41%, to close at 51,983.98 on Monday, according to CNBC. The blue-chip index outperformed other major benchmarks on a day when the S&P 500 and Nasdaq Composite both ended lower. The Dow's gains were driven by "old economy" stocks. CNBC reported that Sherwin-Williams and Home Depot rose nearly 6% and 3.6%, respectively, while Boeing, 3M, and Honeywell International each increased by more than 2%. This movement is part of a broader market rotation. According to CNBC, investors are moving out of technology stocks and into other sectors as they scrutinize spending related to artificial intelligence. This trend followed a losing week for the S&P 500 and Nasdaq, with the Nasdaq recording its steepest losses since March 2025. In contrast, the Dow rose nearly 2% last week as investors sought defensive areas such as healthcare. Other market activity on Monday included: * **Technology losses:** Apple closed nearly 2% lower, while Nvidia and Meta Platforms each dipped 1%. Oracle fell 8% after announcing plans to sell $10 billion in bonds and $10 billion in common stock to fund its AI expansion. * **M&A Activity:** Marvell Technology shares dropped almost 13% and Lumentum fell 18% following the announcement of a $115 billion deal in which Marvell will acquire Lumentum. * **Energy:** Brent crude and U.S. West Texas Intermediate futures tumbled over 7% amid hopes for resumed peace talks between the U.S. and Iran. Chris Larkin, managing director of trading and investing at E-Trade, told CNBC that while the long-term bullish narrative remains intact, short-term momentum has been disrupted by inflation, geopolitics, surging oil prices, and AI spending concerns. The market faces further potential volatility this week due to upcoming jobs data and Tuesday's midterm elections. CNBC notes that Democrats are expected to take control of the House, while the Senate remains uncertain. Conflicting reports exist regarding recent index performance. While CNBC reports Monday's gain for the Dow, report [2] states the DJIA fell Friday, closing at 51,770.31. Additionally, RTP Notícias reports that the Dow rose 1.08% in a session characterized by a recovery in AI and semiconductors. --- HOT covers what Americans are searching for most right now. Sources: CNBC: https://www.cnbc.com/2026/11/01/stock-market-today-live-updates.html; HOT: https://arc-codex.com/; RTP Notícias: https://arc-codex.com/; Clarín: https://arc-codex.com/; BBC News: https://arc-codex.com/. Machine-written by gemma4:31b-cloud from those reports. Fact check against them by gpt-oss:120b-cloud.