Dow Cools Off Record Highs as Yields Climb; Defense Earnings and Chips Offer Cover
Stocks are cooling from Wednesday's record highs as Treasury yields climb ahead of Friday's jobs report, with the Dow down about 0.7% and the S&P 500 off slightly. Defense earnings and semiconductors are offsetting sharp losses in Datadog, Peloton, and SpaceX heading into the final hour.