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Benzinga
Benzinga
Business
Piero Cingari

Dow Jones Hits Record High as Chip Bloodbath Sinks Nasdaq 100: Stock Market Today

NYSE and Wall St.

The Dow Jones Industrial Average powered to a fresh record high above 52,700 by midday Thursday after a sharply weaker-than-expected June jobs report pushed investors to unwind bets that the Federal Reserve would be forced to raise interest rates in the near term.

Yet the rally was far from broad: a brutal selloff in semiconductor stocks dragged tech-heavy indices down.

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