Dow jumps 450 points as oil drop fuels economy bets; Chip rollover knocks Nasdaq: Live updates

On Tuesday, the Dow Jones Industrial Average reached a record high, gaining 477 points as investors shifted from chipmakers to cyclical stocks due to falling oil prices. In contrast, the Nasdaq Composite declined by 0.5%, with notable losses in semiconductor companies like AMD and Nvidia, while energy-related stocks and banks saw gains as lower oil costs were expected to boost economic activity.