Dow Sets Third Record in a Row While Tech Stocks Slip

On August 5, the Dow rose 448 points to 54,533.87 — its third record close in a row — and the S&P 500 also set a record. The Nasdaq, heavy with tech stocks, fell on declines in SpaceX and AMD. The divide suggests investors are shifting money from tech into established industrial companies — a narrower rally worth watching.