A sharp US jobs report beat expectations, jolting Wall Street and lifting the S&P 500 toward record territory. The Dow and Nasdaq surged as investors piled into AI-linked leaders, with NVIDIA topping $214 and Apple breaking above $294. Falling Treasury yields toward 4.35% eased pressure on growth stocks despite geopolitical worries and $100 oil.
The S&P 500 finished lower as semiconductor stocks including Intel and Arm Holdings retreated, reversing earlier gains. Uncertainty around U.S.-Iran peace talks weighed on risk appetite, even after a strong AI- and tech-led quarter. Investors also kept an eye on chip supply concerns and geopolitical tensions, while oil prices edged down and Nvidia and Microsoft posted gains.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
