Key facts
- Dow Jones Industrial Average and Russell 2000 hit record highs.
- Nasdaq Composite and S&P 500 rebounded from earlier lows.
- Technology sector declined 1.4%, while financials and healthcare sectors gained.
- Blackstone and Cliffwater capped withdrawals from their private credit funds.
- Bitcoin fell to a four-month low of around $61,000.
Stocks showed a mixed performance on Thursday, with the Dow Jones Industrial Average and Russell 2000 indices reaching record highs. Investors focused on potential diplomatic resolutions to Middle East tensions. Technology stocks lagged due to concerns over artificial intelligence, causing the Nasdaq to close flat and the S&P 500 to rebound from earlier lows. Financials and healthcare sectors provided support, with gains of 2.7% and 3% respectively. Broadcom and Micron Technology saw significant declines. In the cryptocurrency market, Bitcoin fell to a four-month low of around $61,000, a 20% drop in two weeks, though Standard Chartered maintains a $100,000 price target. In the private credit market, Blackstone and Cliffwater capped withdrawal requests from their funds, which hold $79 billion and $31 billion respectively. U.S. Treasury yields decreased slightly, and USD/JPY hovered around 160.00. Oil prices declined by 3%.