Market
Wall Street Got the Weak Jobs Report It Wanted. Chip Stocks Wrecked the Rally Anyway.
ChartMill2026.07.06Source: ChartMill
Thursday's jobs report came in far below forecasts, initially easing pressure on the Federal Reserve, before a fresh slide in memory and semiconductor stocks dragged the Nasdaq lower even as the Dow closed at a record. Tesla sold off despite its best delivery quarter in years, healthcare names caught a bid, and SK Hynix lined up what would be the largest US listing ever by a foreign company.

