WS #11285
Weak June payrolls (57K vs 110K expected) reduce Fed rate hike odds, driving Dow to record close while Nasdaq falls on semiconductor selloff. Apple surges 4.84% on product pipeline news; Microsoft launches $2.5B Frontier Co.; OpenAI proposes 5% equity to US government; semiconductor stocks continue to slide.
US Jobs Data and Market Rotation
Weak June payrolls (57K vs 110K expected) reduce Fed rate hike odds, driving Dow to record close while Nasdaq falls on semiconductor selloff.
Apple surges 4.84% on product pipeline news; Microsoft launches $2.5B Frontier Co.; OpenAI proposes 5% equity to US government; semiconductor stocks continue to slide.