Nasdaq ends at another record high, Dow underperforms even as oil prices, yields cool

Gains on the Nasdaq 100 were led by Shopify, which surged over 7% after its partnership with Meta for its Muse AI product. Financials were the big underperformers and dragged the Dow Jones lower on concerns about the damage AI would cause to margins and fees at financial brokerages. Financials have a 27% weightage on the Dow Jones.