Nasdaq Falls, Dow Hits Record on June Jobs Miss
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- Nasdaq fell after June hiring data missed expectations, per WSJ's live session coverage, with the broader tape showing cooling jobs data bought the Fed and the stock market more time (Yahoo Finance analysis).
- Dow climbed more than 200 points to a fresh record even as chipmakers struggled and the Nasdaq declined again, per CNBC's running session update.
Why it matters: The Dow-record / Nasdaq-decline split signals traders treated the cooler hiring print as Fed-friendly rather than recessionary — but chipmakers' pain shows high-multiple tech still cannot tolerate any softening in the data, even one that relief-rally bulls elsewhere.
