Dow climbs to a new high as Nvidia lifts the tape, while Google and storage names drag the Nasdaq

U.S. stock futures pointed to a mixed open after the Dow Industrial Average reached a new high, helped by strength in Nvidia. At the same time, the Nasdaq looked set to underperform as investors weighed pressure in several large technology names, including Google, according to the market wrap from Yahoo Finance.

The report also highlighted that AMD and SpaceX-linked momentum were factors weighing on the Nasdaq. While Nvidia’s move supported broader industrial exposure, weakness in these high-profile growth and technology names indicated that investors were less willing to broadly chase risk across the broader index.

SanDisk and Western Digital, both tied to the data storage cycle, led the set of notable decliners late in the session. Yahoo Finance attributed the weakness to what it described as earnings-related moves, framing the selloff as part of the market’s immediate reaction to those companies’ latest results.

The storage-sector reaction matters because it often serves as a real-time read on demand expectations for flash memory and related components. When major suppliers move sharply after earnings, it can quickly change how investors think about near-term pricing, supply discipline, and end-market demand, even for companies outside the immediate index basket.

Google’s contribution to the Nasdaq’s drag, as described by the same market summary, adds another layer to the day’s trade. For investors, it suggests that even when some parts of technology rally strongly, individual earnings and positioning can still drive dispersion, with large-cap index constituents moving for company-specific reasons.

More broadly, the tape underscored that the market’s leadership remained concentrated. A Dow that reaches a new high while the Nasdaq is weighed down is a common pattern in periods when investors prefer certain cash-flow or hardware-linked stories, but reassess growth expectations elsewhere across the technology complex.

Still, several specifics remain unclear from the market summary itself. The Yahoo Finance note does not provide the magnitude of the moves, the exact earnings figures or guidance details that drove SanDisk and Western Digital lower, or the precise catalyst behind Google and AMD’s weakness.

Investors will likely watch whether weakness in large-cap software and semi-linked names persists into the next trading sessions, and whether storage companies’ earnings reactions stabilize or extend. For Alphabet specifically, the key question is whether the pressure reflected transient trading and positioning, or whether it connects to longer-term concerns about ads, cloud growth, or other business drivers that are typically addressed in earnings communications.