Image: The Manila TimesThe Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed
⢠The Dow Jones Industrial Average reached a new record high on Thursday, though overall market indexes remained mixed due to a slump in AI-related computer chip stocks. ⢠Market sentiment was influenced by a U.S. employment report showing 57,000 jobs added last month, falling short of the 100,000 positions economists had anticipated. ⢠This hiring slowdown from May suggests a cooling labor market, which can impact broader economic growth and investor expectations regarding interest rates.
manilatimes.net