(Updates with market moves at the end of the day.)
The Dow Jones Industrial Average rose to a record in a mixed Thursday session as Wall Street locked in gains for the holiday-shortened trading week despite volatility in the technology sector.
The Dow gained 1.1% to 52,900.1. The Nasdaq Composite fell 0.8% to 25,832.7, and the S&P 500 was little changed at 7,482.7. Most sectors gained, led by healthcare, while technology posted the steepest decline.
US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year.
This week, the Nasdaq rose 2.1%, the Dow gained 2%, and the S&P 500 climbed 1.8%.
In the tech sector, Cisco Systems (CSCO) shares fell 3.7% on Thursday, the biggest drop on the Dow, while Nvidia (NVDA) shed 1.4%, the third-largest decline on the index. Sandisk (SNDK) slumped 14%, the sharpest loss on the S&P.
Tesla (TSLA) shares slid 7.5% even as second-quarter deliveries beat Wall Street's expectations. The electric-vehicle maker didn't provide any updates on key topics, including progress on its AI projects, Truist Securities said in a note.
Apple (AAPL) shares rose 4.8%, the biggest gain on the Dow. The tech giant plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices for consumers, Nikkei Asia reported.
In economic news, the US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for a 113,000 increase in a Bloomberg survey. Economists said downward revisions to payrolls growth in the previous two months has clouded a recent revival in the labor market.
The unemployment rate eased to 4.2% from 4.3%, matching projections.
The latest jobs report is unlikely to force the Federal Reserve to make a change in monetary policy immediately, as the pace of growth is "plenty strong enough to maintain a steady unemployment rate," Jefferies said in a note.
On Wednesday, new Fed Chair Kevin Warsh suggested the central bank may be headed for another policy pause as inflation risks have eased.
US Treasury yields were little changed with the two-year yield at 4.18% and the 10-year yield at 4.49%.
West Texas Intermediate crude oil was down 0.2% at $68.47 a barrel in late-afternoon trading, while Brent was little changed at $71.59.
"Brent extended its slide towards $70 and pre-war levels (this week) as flows through the Strait of Hormuz continued to recover, while signs of progress in indirect US-Iran talks further eased supply concerns," Saxo Bank said in a report.
Gold was last seen up 1.3% at $4,133.50 per troy ounce, while silver gained 1.4% to $61.34 per ounce.
