US stocks surged on Friday. The Dow rose nearly 600 points to reach a new peak. Tech stocks weighed on the Nasdaq after the latest jobs data fell short. A pullback in the dollar fueled the shift as investors pursued fresh trades. Trading ended early for the US Independence Day holiday, so no after-hours moves followed the finish.
Overseas, Japan’s Nikkei and Korea’s KOSPI both rose as tech shares recovered. The divided day showed sharp differences between US and Asian market trends.