How did Apple perform during this period?

Apple shares rose and were considered attractive buys, contributing to the market's weekly gains.

How did Tesla perform?

Tesla shares fell sharply as part of a broader sell-off in AI-related stocks.

Dow Jones Hits New High as AI Stocks Tumble

Q: Did the Dow Jones hit a record high?

Yes, the Dow Jones Industrial Average reached a new record high during the week despite the AI stock sell-off.

The Dow Jones Industrial Average hit a record high despite a sell-off in AI stocks. Apple and Robinhood were among the gainers, while Tesla and Sandisk experienced sharp declines.

July 3, 2026

2 min read

Source: Investor's Business Daily

U.S. stock markets posted strong weekly gains, but the positive sentiment did not extend to all stocks, as AI shares faced selling pressure on Thursday.

Key Index Performance

The Dow Jones Industrial Average reached a new record high during the week, supported by gains in traditional stocks. In contrast, AI stocks such as Sandisk declined, casting a shadow over the technology sector.

Notable Stock Moves

Apple (AAPL): Apple shares rose, making it an attractive buy according to some analysts.
Robinhood: The stock also gained, with increasing investor interest.
Tesla (TSLA): Tesla shares fell sharply, part of a broader sell-off.
Sandisk: The stock plunged significantly, leading the decline in AI stocks.

Broader Context

Despite the weekly gains in indices, recent moves show a clear divergence between sectors. As investors rotate toward traditional stocks, technology and AI shares face selling pressure, potentially signaling a shift in market preferences.

What It Means for Investors

The divergent performance highlights the need for portfolio diversification. While leading indexes like the Dow may offer opportunities, the decline in AI stocks warrants caution. Investors should monitor developments closely.

Frequently Asked Questions

AI stocks like Sandisk fell on Thursday without a clear catalyst, but it appears to be part of a sector rotation as investors move toward traditional stocks.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.