Rotation trade: healthcare hits a record and Dow jumps 1.02% as investors leave megacap tech

The hardest part of Tuesday's session was reading which story was real. The headline tape sounded like a quiet consolidation, but the internals said something louder. The Dow jumped 529.85 points, or 1.02%, to 52,495.88, its best day in a month, while the S&P 500 gained 21.84 points, or 0.28%, to 7,712.57 and the Nasdaq composite slipped 6.07 points, or 0.02%, to 26,424.82. A Dow that sprints while a Nasdaq drifts is not noise. It is the clearest expression yet of a rotation out of megacap technology and AI-linked names into healthcare, financials, real estate and small caps, a shift that has now run for three consecutive tapes. Healthcare closed at a record, led by Eli Lilly, and the Russel…