{"id":684239,"date":"2026-06-04T16:49:09","date_gmt":"2026-06-04T16:49:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/684239\/"},"modified":"2026-06-04T16:49:09","modified_gmt":"2026-06-04T16:49:09","slug":"dow-soars-800-points-driven-by-healthcare-stocks-but-chip-stocks-drag-sp-500-nasdaq","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/684239\/","title":{"rendered":"Dow Soars 800 Points Driven By Healthcare Stocks \u2014 But Chip Stocks Drag S&P 500, Nasdaq"},"content":{"rendered":"

Nine out of 11 sectors were in the green in the DJIA index, with information technology and energy sectors down 2.6% and 0.5%, respectively.<\/p>\n

Chip stocks tumbled, with Broadcom falling more than 15% after its decision not to raise AI revenue expectations for fiscal 2026 and 2027 disappointed investors.The VanEck Semiconductor ETF was down about 3%, while the iShares Semiconductor ETF fell 4%.Crude oil prices fell on Thursday, with the U.S. West Texas Intermediate crude futures maturing in July declining 3.48% to hover around $92.68 per barrel.<\/p>\n

U.S. equities were split in Thursday morning\u2019s trade as investors rotated out of chip stocks and piled into healthcare, financials, and communication services stocks.<\/p>\n

The Dow Jones Industrial Average (DJIA) soared more than 800 points to climb to a 52-week high of 51,502 before paring some of the gains. The S&P 500 index was flat at the time of writing, while the Nasdaq Composite index was down nearly 0.7%.<\/p>\n

Nine out of 11 sectors were in the green in the DJIA index, with information technology and energy sectors down 2.6% and 0.5%, respectively.<\/p>\n

Healthcare Stocks Soar, Led By UNH<\/p>\n

UnitedHealth Group Inc. (UNH) shares were up nearly 6% in Thursday\u2019s opening trade after BofA analyst Kevin Fischbeck upgraded UNH to \u2018Buy\u2019 from \u2018Neutral\u2019 with a price target of $450, up from $420, according to TheFly. Fischbeck cited improving medical cost trends and supportive near-term data points for his bullish outlook.<\/p>\n

Analysts at Morgan Stanley hiked their price target for UNH stock to $453 from $395, while keeping an \u2018Overweight\u2019 rating.<\/p>\n

The firm stated that managed care stocks have been trending higher amid signs of easing utilization, while AI-driven gains in both revenue and cost efficiency could eventually boost earnings per share (EPS) by an average of 45%.<\/p>\n

Johnson & Johnson (JNJ) shares were up more than 2%, while Merck & Co. Inc. (MRK) shares surged about 5%.<\/p>\n

Chip Stocks Tumble, AVGO Tanks<\/p>\n

Chip stocks tumbled in Thursday\u2019s opening trade, with Broadcom Inc. (AVGO)\u00a0falling more than 15%<\/a> after the chipmaker\u2019s decision not to raise AI revenue expectations for fiscal 2026 and 2027 disappointed investors.<\/p>\n

Shares of Marvell Technology Inc. (MRVL), Micron Technology Inc. (MU), Nvidia Corp. (NVDA), Advanced Micro Devices Inc. (AMD), and Qualcomm Inc. (QCOM) were down between 1% and 7% at the time of writing.<\/p>\n

The VanEck Semiconductor ETF (SMH) was down about 3%, while the iShares Semiconductor ETF (SOXX) fell 4%.<\/p>\n

Crude Oil Prices Cool Down<\/p>\n

Crude oil prices fell Thursday, with the U.S. West Texas Intermediate (WTI) crude futures maturing in July declining 3.48% to hover around $92.68 per barrel. Brent crude futures expiring in August fell 2.65%, hovering at $95.22 per barrel.<\/p>\n

The United States Oil Fund ETF (USO) declined 3%, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) was down 4% at the time of writing.<\/p>\n

At the time of writing, the\u00a0SPDR S&P 500 ETF<\/a> (SPY), which tracks the S&P 500 index, was down 0.08%; the\u00a0Invesco QQQ Trust ETF<\/a> (QQQ) fell 1.07%; and the\u00a0SPDR Dow Jones Industrial Average ETF Trust<\/a> (DIA) gained 1.25%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the \u2018bullish\u2019 territory.<\/p>\n

Also See:\u00a0Nvidia Valuation Seems ‘Perplexing’, Says KeyBanc Analyst \u2014 Morgan Stanley Is Now ‘More Bullish’ On NVDA After Computex<\/a><\/p>\n

For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n

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Read about our editorial guidelines and ethics policy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Nine out of 11 sectors were in the green in the DJIA index, with information technology and energy…\n","protected":false},"author":2,"featured_media":684240,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[172834,151286,12,919,297569,297570,97,252,253,126850,920,53273,210369,227350,535],"class_list":["post-684239","post","type-post","status-publish","format-standard","has-post-thumbnail","category-health-care","tag-ai-stocks","tag-chip-stocks","tag-donald-trump","tag-dow-jones","tag-dow-rising-today","tag-dow-today","tag-health","tag-health-care","tag-healthcare","tag-healthcare-stocks","tag-sp-500","tag-sp500","tag-strait-of-hormuz","tag-us-iran-war","tag-us-stocks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/684239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=684239"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/684239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/684240"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=684239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=684239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=684239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}