Chipmakers Drag Nasdaq Down While Coca-Cola Lifts Dow: Market Recap

Wall Street's session ended on a mixed note, with the Dow Jones Industrial Average edging higher thanks to a sharp surge in Coca-Cola shares after the company posted quarterly earnings that beat analyst estimates. The Nasdaq, meanwhile, came under pressure as semiconductor stocks including Micron and SanDisk sold off sharply. The chip sector is experiencing a correction after an extended AI-driven rally. The S&P 500 closed near flat, caught between the two opposing forces. The divergence illustrates the ongoing market rotation as investors take profits in tech and shift toward defensive consumer names.