Financial Markets Wall Street

Most U.S. stocks rose, and the Dow Jones Industrial Average set another record, but more drops for chip stocks and other AI winners kept indexes mixed. The S&P 500 finished basically unchanged on Thursday, even though seven out of every 10 stocks within the index rose. The Dow rallied 1.1%, while the Nasdaq composite dropped 0.8% after erasing an early gain. Stocks broadly got help from data showing U.S. hiring slowed last month. That pushed traders to trim bets for a possible hike to interest rates later this month. But chip stocks from Seoul to New York continued to slide.

Shares are mixed in Europe after a rally in Asia following the Dow Jones Industrial Average's latest record. U.S. futures wavered ahead of Friday's holiday, with markets due to remain closed on Wall Street for Independence Day. On Thursday, the S&P 500 finished basically unchanged, though seven out of every 10 stocks within the index rose. The Dow rallied 1.1%, while the Nasdaq composite dropped 0.8%, erasing an early gain. Stocks broadly got help from data showing U.S. hiring slowed last month. That pushed traders to trim bets on a possible hike to interest rates later this month.