Dow Jumps Over 500 Points, but Semis and Oil Slide Ahead of MSFT, META Earnings

The Dow Jones Industrial Average surged 537 points in a broad-based rally, with strong buying lifting the index. However, the advance was not uniform across markets.

Semiconductor stocks bucked the trend, sinking during the session. Oil prices also slid, adding a note of caution. The moves came as attention began to shift toward upcoming earnings reports from Microsoft and Meta, which were looming.

Investors appeared to position cautiously ahead of the tech giants' results, tempering the day's bullish tone despite the large point gain in the Dow.