India, April 30 -- Wall Street closed a sharply divided session as investors rotated out of high-growth technology stocks and into industrial and defensive names. The Dow Jones surged over 1%, while the Nasdaq slipped, highlighting a growing split in risk appetite and the S&P 500 managed a modest gain, reflecting a market struggling to find direction amid earnings pressure, Fed uncertainty and geopolitical tension.

U.S. Market Snapshot

Dow Jones

The Dow rallied strongly, gaining more than 500 points and the index was lifted by industrial heavyweight Caterpillar, which jumped nearly 9% after strong earnings and an upgraded revenue outlook. Defensive names like Walmart and Verizon also supported the index, reinforcing the shift toward st...