Tech rebound lifts Dow to record, yen hits 40-year low against dollar

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Resurgent tech stocks lifted the Dow to a fresh record on Monday as the yen fell to a 40-year low against the dollar. The Dow climbed 0.6 percent to 52,182.74, while the Nasdaq jumped 2.1 percent, driven by a rotation back into technology shares. Chipmakers led the gains, with AMD, Broadcom and Intel rising more than 2 percent and Nvidia adding 1.3 percent. Oil prices rose modestly after renewed US-Iran military strikes disrupted shipping through the Strait of Hormuz, though the impact on crude was described as relatively contained. The dollar strengthened to 161.92 yen, a level last seen in December 1986, as investors looked ahead to US jobs data that could influence Federal Reserve policy.