The Dow hit a record high on Thursday despite disappointing earnings from software giant Oracle reviving concerns over sky-high AI valuations.

"Traders are in the mood to recover their bullish stance after yesterday’s Oracle numbers," said market analyst Chris Beauchamp at trading platform IG.

While the blue-chip Dow rose, the S&P 500 and Nasdaq Composite both slid lower.

Major European indices ended the day with gains, after Asian markets finished mixed.

The Fed delivered its third straight cut to borrowing costs on Wednesday, as widely expected.

And while it signalled that it could hold off further reductions in the coming months, the comments weren't as hawkish as some expected.

"Even as investors were reassured by the Fed's latest rate cut, familiar concerns about AI are still ve

See Full Page