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World shares rally after Dow hits a record, as some AI shares bounce back
European and Asian indexes advanced as softer U.S. hiring data eased rate worries, while Nvidia and Lam Research fell on concerns over AI spending returns.
- Following a fresh record close for the Dow Jones Industrial Average on Thursday, markets across Asia and Europe advanced Friday. The Dow rose 1.1% to 52,900, supported by cooler-than-expected jobs data.
- Sentiment drew support from data showing U.S. employers added 57,000 jobs last month, well below the 100,000 forecast. This cooling pace could ease inflation pressure, potentially reducing the Federal Reserve's need to raise interest rates this year.
- Shares of computer chip companies diverged sharply as some recovered while others extended losses. Samsung Electronics gained 8.2% and SK Hynix jumped 10.9%, while Micron fell 5.5% and Lam Research sank more than 10%.
- Commodities and crypto-linked assets also firmed early Friday. Brent crude rose 0.6% to $72.26 a barrel while Bitcoin gained 0.5%, lifting Robinhood Markets and Coinbase Global alongside the broader rebound.
- Asian stocks found footing after two bruising sessions, according to Stephen Innes of SPI Asset Management. U.S. markets remain closed Friday for the Independence Day holiday, creating a pause in global trading.
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World shares are mixed after Dow hits new record
Bangkok: World shares were mixed Friday, July 3, after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses. The future for the S&P 500 gained 0.3 per cent while that for the Dow slipped 0.2 per cent. US markets will be closed Friday for the Independence Day holiday. In European trading, Germany’s DAX rose 0.4 per cent to 25,667.73 and the CAC 40 in Paris edged 0.1 per cent lower, t…
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World shares rally after Dow hits a record, as some AI shares bounce back
Shares have advanced in Europe and Asia after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses. U.S. futures were
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Coverage Details
Total News Sources29
Leaning Left5Leaning Right5Center14Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 21%
C 58%
R 21%
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