NEW YORK (AP) — Most U.S. stocks rose on Thursday, and the Dow Jones Industrial Average rallied to another record, but more drops for computer chip companies and other winners of the artificial-intelligence boom kept indexes mixed.
The S&P 500 finished the day virtually unchanged and edged up by less than 0.1%, even though seven out of every 10 stocks within the index rose. The Dow jumped 594 points, or 1.1%, while the Nasdaq composite dropped 0.8% after erasing an early gain.
Stocks broadly got some help from a report showing that U.S. employers added 57,000 jobs to their payrolls last month. That’s growth, which is good for the economy, but it was also short of the 100,000 jobs that economists expected and a slowdown from May’s hiring pace.
The bright side of the weaker-than-expected result is that it could keep pressure off inflation, which has been accelerating worldwide because of jumps in oil prices caused by the war with Iran. And now that oil prices are back below where they were before the war, if inflation slows in upcoming months, the Federal Reserve may feel less need to raise interest rates several times this year.
That would be a relief for investors, who tend to love lower interest rates because they can give the economy a boost by making it less expensive for U.S. households and businesses to borrow money and spend. Lower rates also tend to push upward on prices for stocks and other investments.
The yield on the 10-year Treasury got to 4.50% in the morning, up from 3.97% just before the war. But after the release of the U.S. hiring data, it immediately fell back to 4.46% before drifting to 4.48%.
Traders now see an 82% chance that the Fed and its new chairman, Kevin Warsh, will not raise the federal funds rate at its next meeting later this month. That’s up from the 71% chance seen a day earlier, according to data from CME Group.
“The labor market isn’t overheating,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management. He said the data could allow the Fed to wait through the summer to get more clues about how inflation is behaving before having to decide on hiking rates.
On Wall Street, the company behind LaCroix sparkling waters climbed 7.5% after National Beverage said it will pay a special dividend of $3.25 for each share that investors hold.
Dollar Tree rose 2.4% after the retailer said it approved a program to send up to $2.5 billion to its shareholders by buying back its stock.
Stocks of companies in the crypto industry were also strong after the price of bitcoin rose roughly 2%, a day after dropping near its lowest level since 2024. Robinhood Markets rose 3.8%, and Coinbase Global gained 3.9%.
But more drops for computer chip companies weighed on indexes. They’ve come under pressure because of worries that their stock prices shot too high in the frenzy around AI and that all the spending on chips and data centers may not result in as much profit and productivity growth as hoped.
Memory maker Micron Technology erased an early gain to drop 5.5%, a day after plunging 10.6%. Nvidia fell 1.4%, and Lam Research sank 10.2%. They were some of the heaviest weights on the S&P 500 because they’ve grown so huge in size amid AI mania.
Nvidia has a total value of nearly $4.7 trillion, for example, which means that its stock’s movements have more weight on the S&P 500 than any other.
All told, the S&P 500 rose 0.01 to 7,483.24 points. The Dow Jones Industrial Average rallied 594.83 to 52,900.07, and the Nasdaq composite sank 207.36 to 25,382.67.
In stock markets abroad, continued drops for chip companies sent indexes sharply lower in several Asian markets. South Korea’s Kospi index sank 7.9% due to losses for companies like SK Hynix. That’s its worst drop since a 10% plunge a little more than a week ago.
Indexes also fell 2.5% in Tokyo and 2% in Shanghai.
European indexes were stronger, and France’s CAC 40 rallied 1.7%.
In the oil market, prices dropped in the morning but pared their losses as the day progressed. Brent crude, the international standard, settled at $71.80 per barrel, up 0.3%.


TYLER – Here’s a reminder from the Tyler Police Department in regards to the July 4th holiday. It is a violation of a City of Tyler ordinance to detonate fireworks inside the city limits. You could receive a citation, and your fireworks could be seized.
SMITH COUNTY – Emergency crews responded to a crash involving a motorcycle and a van Thursday morning in Smith County. The collision occurred at the intersection of East Northeast Loop 323 and FM 14 shortly before 8 a.m., according to Smith County ESD No. 2 spokesperson Nikki Simmons. Injuries have been reported, but officials have not identified those involved, the extent of the sustained injuries or announced how many people were injured in the crash. The crash’s cause is still being looked into.







LONGVIEW – Following an incident at a Longview nightclub early on June 21, three women have been taken into custody as part of an assault investigation. New details regarding an alleged assault on a woman in the parking lot are revealed by arrest documents that WFAA was able to obtain.
TYLER – According to an affidavit from the Tyler Police Department, a man was detained on Sunday after taking pictures of an unconscious woman and then threatening to send the pictures to her relatives. The affidavit states that in February, Otto Pablo, 44, photographed the unidentified victim in a compromising position. The woman told police that Pablo had taken more pictures and had threatened to send the photos.

PALESTINE — Eight people were hospitalized on Wednesday morning following a single-vehicle crash involving a prison bus carrying several inmates as they headed to the Palestine Unit. The Texas Department of Criminal Justice (TDCJ) said one of their bus was in a single-vehicle crash between Donie and Groesbeck on Highway 164, east of Highway 139. The bus was transporting 26 inmates from local jails to the Gurney Unit in Palestine for intake.
