Explained - Why Dow Jones recovered 300 points from the lows but Nasdaq fell 1.4% on Thursday
CNBC-TV18 1 hr ago·8 Oct 2026, 11:15 pm
The Dow Jones Industrial Average bounced back by roughly 300 points on Thursday, pulling the index out of its recent lows, while the Nasdaq Composite slipped about 1.4 percent. The rally in the Dow was driven by a mix of positive earnings updates and easing concerns over interest‑rate expectations, whereas the Nasdaq’s decline was sparked by OpenAI’s latest disclosure, which prompted a sell‑off in many AI‑focused and semiconductor stocks.
For investors, the split performance highlights how sector‑specific news can outweigh broader market sentiment. A rebound in traditional industrials helped lift the Dow, but the AI‑related pullback weighed heavily on the tech‑heavy Nasdaq, underscoring the volatility in growth‑oriented names.
Going forward, market participants will be watching upcoming earnings reports from major chip makers, any further statements from OpenAI or other AI firms, and the Federal Reserve’s policy outlook, all of which could shape the direction of both indices in the near term.
Excerpt from CNBC-TV18
Published On Oct 9, 2026 | 04:45 IST Last Updated On Oct 9, 2026 | 04:45 IST Wall Street had a mixed session as the Dow Jones recovered 300 points to post gains, aided by cooling bond yields and Trump's remarks on Iran. Meanwhile, the Nasdaq fell 1.4% due to a tech sell-off triggered by lower-than-expected revenue…Read the original at CNBC-TV18
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