Dow Hits Record on Weak Jobs Data; Nasdaq Slides
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- Dow rose more than 200 points to a record closing high, lifted by softer-than-expected US jobs data that the WSJ reports is prompting Wall Street to change strategy.
- Nasdaq fell for another session as chip stocks continued to struggle, with semiconductor weakness dragging the tech-heavy index down.
Why it matters: The split between a record-setting Dow and a falling Nasdaq on chip weakness shows a clear sector rotation underway, while the WSJ's 'change strategy' framing highlights that the soft payrolls print is reshaping Wall Street's positioning ahead of the Fed's next decision.
