Quartz·1 min read·medium
The Dow closed above 53,000 yesterday for the first time ever. This morning, chips are selling off globally and Iran reportedly hit another tanker
✦AI Summary
The Dow Jones Industrial Average reached a record high above 53,000, but global markets are experiencing a tech-sector sell-off. Samsung stock dropped 7% despite strong earnings, contributing to a broader decline in international tech indices.
Samsung stock fell nearly 7% in South Korea despite a 19-fold surge in quarterly operating profit, dragging tech indexes lower worldwide
businesseconomy
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