Chips Cool as Dow Hits New Record | Daily Market Recap

Your 3-minute daily market update - simplified for busy investors.

Kristal Research Desk

Kristal.AI

2 Jul3 min

Your 3-minute daily market update - simplified for busy investors.

Today: Nasdaq falls -1.54% as investors book profits in chips (Micron, Sandisk lead the drag), but the Dow sets another record on a rotation into banks and blue chips, financials +2.13% and comm services +2.62%, Meta surges +8.8% on plan to sell spare AI compute, Shutterstock crashes -29% as Getty walks from $3.7B merger, and new Fed Chair Kevin Warsh keeps July rate-hike odds near 1-in-3 ahead of an early jobs report.

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