Broadcom Drags the Nasdaq While the Dow and S&P 500 Climb

U.S. stocks traded higher, with the S&P 500 and Dow up about 0.6%, while the Nasdaq lagged because Broadcom fell 4.7% after Marvell announced a deeper custom-chip deal with Alphabet’s Google. The move highlighted how a single large-cap tech name can weigh on the Nasdaq despite broader market strength. Marvell surged 8.4% on the news, but Broadcom’s far larger market capitalization made its decline more impactful on indexes. The article also notes an unusual simultaneous rally in gold and Bitcoin, suggesting some investors may be seeking safety even as equities rise. Broader macro drivers include higher treasury yields and oil prices, which were also cited as pressure points for certain Dow components. Overall, the piece frames a mixed market where rotation, chip-industry competition, and macro volatility are shaping index performance.