Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
The divergence between the performance of the Dow Jones Industrial Average and Nasdaq Composite on Wednesday stateside reinforces the suggestion that there are two markets operating in the U.S.: one of an artificial intelligence and another of "everything else."
Not only did the Dow rise, it also secured its second consecutive record high and closed above the 48,000 level for the first time.
The index, which comprises 30 blue-chip companies, is typically seen as a marker of the "old economy." That is to say, it is mostly made up of large, well-established companies driving the U.S. economy, such as banks, healthcare and industrials, before Silicon Valley became a mini sun powering

CNBC

Raw Story