The Dow hit a record after a weak June jobs report eased Fed rate-hike fears, but a sharp semiconductor rout dragged the Nasdaq 100 lower Thursday.

The Dow hit a record after a weak June jobs report eased Fed rate-hike fears, but a sharp semiconductor rout dragged the Nasdaq 100 lower Thursday.

The Dow surges past 52,000 to new records while S&P 500 and Nasdaq fall as investors rotate out of tech stocks. Here's what it means for crypto markets.

The Dow Jones Industrial Average rose 594.83 points, or 1.14 per cent, to 52,900.07. Read more at straitstimes.com. Read more at straitstimes.com.