US equity markets closed with mixed results on Thursday, as the technology-heavy Nasdaq Composite fell 0.7% to 25,930.59.
The decline was driven by renewed selling pressure in the semiconductor sector, where investors appeared to be taking profits or hedging against broader geopolitical risks.
In contrast, the Dow Jones Industrial Average managed to set a new all-time high, highlighting a rotation away from growth-oriented tech names toward more defensive or value-oriented large caps.
The market move came against a backdrop of escalating tensions in the Strait of Hormuz, where attacks on shipping vessels have raised concerns about potential disruptions to global energy supplies.
While the immediate impact on oil prices was not the primary driver of the session's volatility, the geopolitical uncertainty added a layer of caution to investor sentiment, particularly in sectors sensitive to supply chain stability and global trade flows.
This divergence underscores the current market regime, where broad-based rallies are increasingly fragile and dependent on specific sector performance.