Independence Day Pause: Dow Hits Record on Jobs Shock as Chip Selloff Fractures the Bull Case
U.S. markets are closed July 3 for Independence Day, leaving traders to digest Thursday's jobs shock: just 57,000 payrolls vs. 115,000 expected. The Dow surged to a record 52,900 while the Nasdaq fell 0.8% and semis lost ~12% in two days — a market divided against itself.