Dow Slips as Tech Sector Rebound Fades

The Dow Jones Industrial Average saw a significant pullback on Thursday, falling 464.02 points (0.9%) to close at 53,885.10, just one day after setting new all-time intraday and closing records.

The decline snapped a five-session winning streak for the index, which was previously boosted by gains in tech stocks such as Meta, Microsoft, Alphabet, and Amazon following calm in US-Iran relations and a rebound from recent sell-offs in the sector.

Boeing's stock price rose 8.03% to close at $233.49, with the company's timeline for deliveries of its 737 MAX 7 aircraft shifting after years of delays due to regulatory approvals.