South Korea Financial Markets

A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Thursday, July 2, 2026.

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The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed

The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed

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.