DJIA Today: The Dow Slips Back Into the Red Late as the Chip Bounce Narrows Into the Close
The recovery ran out of width in the final hour. On the latest afternoon print the Dow was down 0.28 percent at 51,378.58 and the Nasdaq's gain had narrowed to 1.37 percent — still a bounce from Thursday's rout, but a smaller one than midday promised, with the Dow back below flat.
The afternoon told a narrower story than the morning. The live tape read in full by this desk put the Dow Jones Industrial Average at 51,520.61, essentially flat, at 1:58 PM ET — and at 51,378.58, down 0.28 percent, on the latest print at 3:27 PM. The Nasdaq Composite moved the other way in size but the same way in direction of travel: up 1.50 percent at 1:58 PM, up 1.62 percent at 3:09 PM, and back to up 1.37 percent at 24,649.19 on the 3:27 PM print. The S&P 500 followed the same arc, from up 0.79 percent to up 0.61 percent at 7,398.66.
What is left of the bounce is the chips. The afternoon read recorded continued dip buying in the semiconductor names — AMD about 9 percent higher, Intel almost 7 percent, Qualcomm and Micron more than 5 percent — even as the gains narrowed into the final half hour. The wider technology picture is still the week's wound: CNBC's late update put the Technology Select Sector SPDR down about 8 percent this week, on pace for its worst week since April 2025 and a fifth straight weekly loss.
The counterweight has not moved. October payrolls of 165,000 — the strong report filed this morning as SQ-20261106-025 — lifted the 10-year Treasury yield to about 4.88 percent at its high, and the afternoon prints still showed it at 4.853 percent, keeping December rate-hike fears in the session. The fear gauge kept easing even as the Dow slipped: the VIX stood at 24.13 on the latest print, down 14.3 percent, with the Russell 2000 up 1.01 percent, WTI crude up 0.5 percent at $91.01 and gold down 1.0 percent at $4,071.60.
For the financial district, the session's shape is now set even before the bell: a violent Thursday, a split open, a broad midday recovery, and a late fade that gave the Dow back to the bears. This desk files the official close in the next cycle; the close supersedes every intraday print in this file.
