The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed

NEW YORK (AP) — Most U.S. stocks rose on Thursday, and the Dow Jones Industrial Average rallied to another record, but more drops for computer chip companies and other winners of the artificial-intelligence boom kept indexes mixed.

The S&P 500 finished the day virtually unchanged and edged up by less than 0.1%, even though seven out of every 10 stocks within the index rose. The Dow jumped 594 points, or 1.1%, while the Nasdaq composite dropped 0.8% after erasing an early gain.