S&P 500, Nasdaq open lower as strong US jobs data dents chip stocks
Why it matters: firmer hiring lifted expectations for tighter Fed policy, while the Dow Jones Industrial Average still edged up 0.09%.
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Dow jumps 875 points to a record as Broadcom drags Nasdaq
Why it matters: The split session showed money rotating into health care and financials even as chip stocks sold off on AI valuation worries.