Berkshire Hathaway Hits Record High; Will US Stocks Shift From Tech-Driven to Value-Driven?

The $Dow Jones Industrial Average(.DJI.US)$ reached a new record high of 41,198 points Wednesday, closing 0.6% higher and extending its winning streak to six consecutive sessions in the green.

Over the last six sessions, the Dow Jones has risen by 5%, while the tech-heavy Nasdaq 100 fell by 3.3% as rate cut rally extends. Meanwhile, $Berkshire Hathaway-A(BRK.A.US)$, a representative of value stocks, has risen for seven consecutive days, with its share price hitting a record high. Its current market cap stands at $960 billion, just a stone's throw away from the trillion-dollar mark.

Over the past five trading days, Dow Jones Industrial Average component $UnitedHealth(UNH.US)$ jumped 14.44%, while $Caterpillar(CAT.US)$ and $Home Depot(HD.US)$ have both climbed over 8%. $Dow Inc(DOW.US)$ and $The Travelers Companies(TRV.US)$ have increased by 7.16% and 6.57%, respectively.

In contrast, the "Magnificent Seven" have lost $1.1 trillion over the past five trading days. $Meta Platforms(META.US)$ has fallen by 13.6%, $NVIDIA(NVDA.US)$ has dropped more than 12%, and $Amazon(AMZN.US)$ , $Tesla(TSLA.US)$ , and $Alphabet-A(GOOGL.US)$ have all declined by more than 5%.