US stocks today: Dow soars 800 points to hit record as Iran optimism offsets chip slump, weak jobs data

June 4, 2026

Wall Street closed higher with the Dow hitting a record, lifted by easing Iran war concerns and gains in healthcare and financial stocks. However, weak results from Broadcom dragged chipmakers, capping Nasdaq gains. Rising jobless claims and AI-driven layoffs added to uncertainty around economic strength and market valuations.

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