Dow Hits Third Straight Record While Nasdaq Slips on SpaceX and AMD Declines

On August 5, the Dow rose 447.96 points (0.83%) to 54,533.87, its third consecutive record close, and the S&P 500 also notched a record. The Nasdaq Composite fell, dragged by SpaceX and AMD. A day earlier, all three indexes had risen together. That split points to rotation from growth tech into blue-chip industrials — a narrower rally worth watching.