Weak Jobs Data Sends Dow to Record High as Chip Stocks Crash episode artwork

EPISODE · Jul 2, 2026 · 12 MIN

Weak Jobs Data Sends Dow to Record High as Chip Stocks Crash

from Market Brief - After Hours

On today's episode of Market Brief – After Hours, a surprisingly weak June jobs report sends the Dow Jones Industrial Average to a fresh record close, even as a brutal semiconductor selloff drags the Nasdaq lower. We break down what the jobs miss means for the Federal Reserve, why chip stocks like Micron and Nvidia got hit so hard, and how Europe's DAX managed to hit a record high of its own. We also cover the EUR/USD and GBP/USD rebound, a violent reversal in USD/JPY, and why Tesla's blowout delivery numbers weren't enough to stop its stock from sliding. Plus: gold and silver's explosive rally, and why Bitcoin just reclaimed $61,000. Hosted on Acast. See acast.com/privacy for more information.

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Weak Jobs Data Sends Dow to Record High as Chip Stocks Crash

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