US stock market today: Dow Jones crashing today while the Nasdaq and S&P 500 hitting record highs

The Dow Jones is crashing as Nasdaq and S&P 500 hit record highs amid AI stock surge. The U.S. stock market today looks confusing at first glance. As of Thursday morning trading, the Dow Jones sat at 49,794.83, down 115 points, or 0.23%. The S&P 500 sat at 7,374 — up 8.94 points. The Nasdaq was surging 0.58%, carried higher by a broad tech rally.