Major stock indexes are rallying today as a weaker-than-expected June jobs report eases concerns about aggressive interest rate hikes, though semiconductor stocks are volatile. The Dow is up 450 points toward record levels while the S&P 500 gains, but the Nasdaq faces headwinds from chip sector weakness.
·Dow opens higher and rallies toward record highs following disappointing jobs data
·Weak June hiring numbers reduce inflation concerns and ease pressure for rate increases
·Chip stocks bounce and sink unpredictably, dragging the Nasdaq lower despite broader market gains
·Nearly 1 million new millionaires created by stock market gains in 2025 according to UBS report
·German-French tank manufacturer KNDS postpones planned IPO
drawn from CNBC, WSJ, MarketWatch, DW.com · updated 25m ago