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Dow Jones hits new peak despite chip stock pressures
The Dow Jones Industrial Average hit a new record high at the close today, rising by about 594 points to reach an all-time high of 52,805.12 points, following the release of the American jobs report, which showed an addition of 57,000 jobs in June—below expectations of 115,000 jobs. Meanwhile, the Nasdaq and Standard & Poor's 500 indices declined due to continued pressure on semiconductor stocks, with the VanEck ETF dropping by 5.2% and stocks such as Nvidia and Microchip falling. Experts expect the markets to move toward strong weekly gains, while employment data suggests the Federal Reserve may delay raising interest rates.
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