Why Big Tech Dumped While the Dow Hit a Fresh All-Time Record

The Thursday session closed mixed with the S&P 500 flat, but a massive capital rotation shook Wall Street. Here is why. A freezing June jobs report cooled rate-hike fears but triggered a brutal exit from overextended AI and semiconductor stocks, sending investors rushing into defensive blue chips.🚀 Winner: Healthcare (+2.70%), fueled by the defensive rotation and lower interest rate expectations.📉 Laggard: Technology (-1.46%), heavily dragged down by a brutal sell-off in semiconductor and hardware names.🔔 The Look Ahead: With U.S. markets closed Friday, all eyes turn to Monday's June ISM Services PMI to see if the economic cooling turns into a deeper freeze.Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.