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Dow Jones Rises 0.3% as Asian Tech Selloff Deepens

Bloomberg Markets •
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The Dow Jones Industrial Average climbed 0.29% to 53,055.91 on Tuesday, gaining 155.84 points as defensive and financial names offset broader technology weakness. Boeing led advancers with a 3.55% jump, followed by IBM at 3.45% and Goldman Sachs rising 3.36%. The blue-chip gauge's resilience masked deterioration in Asian markets, where technology shares faced renewed selling pressure after Samsung Electronics reported disappointing earnings.

The Samsung-driven rout rippled through semiconductor supply chains, dragging on sentiment for U.S. chip-exposed names despite the Dow's overall advance. Apple managed only a 1.31% gain, lagging the index's industrial and financial leaders. On the downside, healthcare weighed heavily: UnitedHealth slipped 1.73%, Merck fell 2.15%, and Amgen dropped 2.06%, while Home Depot shed 2.03% and Disney declined 2.10%.

The divergence highlights a market increasingly split between cyclical beneficiaries of steady rates and rate-sensitive growth sectors vulnerable to earnings misses. With the Dow's price-weighted structure amplifying moves in high-priced stocks like Goldman Sachs and UnitedHealth, the index's gain obscures breadth deterioration — more components declined than advanced on the session.