Economy / Markets
Wall Street rotates out of AI and into healthcare as the Dow leads
US stocks closed higher on Thursday after a weak start, with the Dow Jones Industrial Average up 1.08 percent to 52,177.69, the S&P 500 up 0.33 percent to 7,744.06 and the Nasdaq Composite ahead just 0.08 percent at 26,713.03 after falling as much as 1.4 percent intraday. Eight of 11 S&P sectors advanced, led by healthcare at 1.84 percent and materials at 1.71 percent, as investors moved out of AI-linked names. Treasury yields fell despite the hot inflation reading, with the 10-year note down about 12 basis points to 5.06 percent and the 30-year to 5.39 percent.