Dow Hits Record as Tech Bounces

MPC Markets Morning Call · Jun 29, 2026 · 11m

The Dow closed at a record 52,182 as Alphabet debuted in the index and tech staged a sharp rebound from last week's semiconductor selloff. Mark Gardner breaks down whether this is genuine buying or end-of-quarter window dressing — plus why the best quarter for equities since COVID might actually be a warning sign.

Also covered: the Japanese yen at 40-year lows and what that means for equity markets, the ASX outlook with RBA minutes due today, Collins Foods hitting record revenue, early-stage biotech momentum, and a busy week ahead with non-farm payrolls landing on a pre-holiday Thursday.

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