Dow Hits Highs, Buoyed By Fed; AI Giants Weigh On Techs

The Dow Jones and small-cap Russell 2000 rose strongly this past week to record highs. The S&P 500 fell slightly and Nasdaq fell solidly , not far from all-time levels. Oracle (ORCL) slumped, with the latter diving on surging AI spending. Broadcom (AVGO) tumbled despite reporting strong results and guidance fueled by AI chip demand. Robinhood (HOOD) fell sharply on…