Nasdaq Surges Amid Tech Rebound, Dow Falls on Financial Stocks

Nasdaq's Composite Index rose by 0.3% and set a new intraday high at 10:35 a.m., indicating a robust rebound in tech stocks, particularly memory chips.

The Dow Jones Industrial Average fell 0.6%, primarily due to a widespread drop in financial stocks, with JPMorgan Chase down 3.5%, contributing 72 points to the index's loss.

Large energy stocks showed minimal movement despite a drop in oil prices, indicating a cautious market outlook on energy supply recovery.