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Dow rises more than 300 points to record, Nasdaq falls again as chipmakers struggle: Live updates

Wall Street reaches record highs amid a shifting market rotation as investors react to the latest jobs report.

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The brief

Meanwhile, Treasuries are experiencing an uptick in value. Coverage from Bloomberg, Investing.com, and the Wall Street Journal highlights the return of the rotation trade alongside increasing market uncertainty.

Reporting notes that the recent jobs report has influenced current expectations regarding Federal Reserve rate-hike activity. Observers are watching how the current market shift develops following the holiday-shortened week.

Coverage does not yet specify how long the rotation trend will persist or the duration of the downward pressure on the technology sector.

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Quick answers

What is the current status of the major indexes?

The Dow reached a record high while the Nasdaq faced declines due to challenges in the chipmaking sector.

How has the recent jobs report impacted the market?

The report has led to increased market uncertainty and has dampened expectations for Federal Reserve rate hikes.

What is the 'rotation trade'?

According to the Wall Street Journal, the rotation trade has returned to Wall Street as a factor in current market activity.

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