New York, 2 July 2026 – The Dow Jones Industrial Average surged to a record closing high as weaker-than-expected US jobs data eased investor concerns over further Federal Reserve tightening, although renewed pressure on semiconductor stocks dragged the Nasdaq lower.
The blue-chip Dow rose 1.1% to close at 52,900.07, marking a fresh record as investors rotated into more defensive and value-oriented areas of the market. The S&P 500 finished virtually unchanged at 7,483.24, while the technology-heavy Nasdaq Composite fell 0.8% to 25,832.67 as chip stocks extended their recent weakness.
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