Stock market today: Dow rides rotation into cyclicals to close at record high

Investing.com-- U.S. stocks traded higher Friday, as the rotation into cyclical stocks including industrials continued to propel stocks higher amid weakness in tech.) gained more than 3% helped to prop up the broader industrials sector as the aircraft maker won a $2.39 billion contract from the defense department.

As well as the rise in Boeing, sentiment on cyclicals have also been supported by expectations that a second Trump administration is set to extend U.S. economic exceptionalism.There remains doubt over whether the Federal Reserve will cut interest rates in December, particularly after the strong inflation readings for October, while policymakers also flagged a more cautious approach to further easing.

The DOJ also recommended the firm share its data and search results with rivals and potentially sell its Android operating system.) stock fell around 3%, handing back the previous sector's gains as strong artificial intelligence demand fueled an earnings beat, but the AI darling also forecast a slower pace of revenue growth in the current quarter.) stock soared 10% after the fashion retailer raised its annual sales forecast and said the holiday season was off to a"strong start".

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