Stock Market Update: Dow Jones Rises, Nasdaq Slips, and S&P 500 Closes Modestly Higher

The Dow Jones Industrial Average rose 0.3% as the Nasdaq 100 rebalancing and options expiration took place. The S&P 500 and Nasdaq also saw gains, with health and utilities sectors performing well. Apple will have the heaviest weight in the Nasdaq 100 after the rebalancing, while Microsoft's weight will decrease. Cathie Wood's ARK Invest fund manager purchased more shares of Taiwan Semiconductor, which lowered its sales outlook. Warren Buffett's stock, American Express, fell over 3% after disappointing revenue. Other notable movements include oil giant SLB sinking 3% after earnings, and Autoliv breaking out after positive earnings.