The stock market had strong weekly gains, but it didn't feel that way with Sandisk and other AI plays selling off Thursday.

U.S. Markets Will Be Shut on Friday for Independence Day

The Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June.

Alphabet stock rose roughly 4% on its first day in the 30-member index, though the inclusion carries limited mechanical impact

Wall Street delivered one of its most unusual trading sessions of 2026. Yesterday, the Dow Jones Industrial Average climbed nearly 600 points, or 1.1%, to a record 52,900, while the Nasdaq-100 dropped almost 500 points,

The Dow Jones Industrial Average keeps rolling, and is on track to reach its 20th record close of 2026. The Dow was up 340 points, or 0.7%, at 52,645, well above Tuesday's record close of 52,319. The blue-chip barometer was also up 1.

Nasdaq fell as tech and chip stocks declined, while softer U.S. jobs data eased fears of aggressive Fed rate hikes. The Dow rose for a fourth straight week. Tesla dropped despite strong deliveries, and profit-taking hit semiconductors after a strong rally this year.

The index originally intended to serve as a barometer of the United States' top industrial stocks now holds all new kinds of blue chip stocks.

US stocks finished the holiday-shortened week mixed, with the Dow Jones adding 1% to finish at a new record high 52,845 points. The Nasdaq was down 0.8% at 25,832 points, and the S&P 500 was down 0.1% at 7,