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Dow Jones Sets Record 51,561 Close on June 4 as Chip Selloff Fuels Rotation Into UnitedHealth +5%, JPMorgan +3%, Walmart +1% — BofA Flags Summer Pullback Risk

The Dow Jones Industrial Average surged 874.86 points, or 1.73%, to a record close of 51,561.93 on Thursday as investors rotated aggressively out of semiconductor names into non-tech large caps following Broadcom's after-hours selloff. UnitedHealth Group gained more than 5%, JPMorgan Chase rose 3%, and Walmart added nearly 1%, while the Nasdaq lost 0.09% and the S&P 500 rose just 0.41% to 7,584. Bank of America strategists reiterated their summer pullback warning, noting that Intel and Micron have each tripled year-to-date in 2026.