US stock market today: Why is the Dow Jones crashing today while the Nasdaq and S&P 500 keep hitting record highs? AI stocks surge, oil crashes, and Wall Street splits between old economy fears and tech optimism

US stock market today: The Dow Jones is crashing as Nasdaq and S&P 500 hit record highs amid AI stock surge. The U.S. stock market today looks confusing at first glance. As of Thursday morning trading, the Dow Jones sat at 49,794.83, down 115 points, or 0.23%. The S&P 500 sat at 7,374 — up 8.94 points. The Nasdaq was surging 0.58%, carried higher by a broad tech rally.

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