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Symbols
Symbols
Price
Change
% Change
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Open
High
Low
Volume
Mkt Cap
SIXV
Health care
SIXV
Health care
SIXV
+2.70%
1,657.90
+43.56
+2.70%
1,614.341,620.741,657.901,620.74
SIXT
Technology
SIXT
Technology
SIXT
-2.63%
3,640.12
-98.21
-2.63%
3,738.333,737.363,775.813,601.16
SIXU
Utilities
SIXU
Utilities
SIXU
+2.27%
927.06
+20.54
+2.27%
906.52909.62927.49909.62
SIXR
Staples
SIXR
Staples
SIXR
+2.07%
860.39
+17.46
+2.07%
842.93846.25861.20846.25
SIXB
Materials
SIXB
Materials
SIXB
+1.99%
1,105.39
+21.54
+1.99%
1,083.851,085.321,105.461,085.32
US market summary
Semiconductor sell-off drags Nasdaq lower amid AI sustainability concerns
While broader markets rose, the tech-heavy Nasdaq Composite fell 0.8% due to a steep decline in computer chip stocks. Heavyweights like SanDisk and Applied Materials saw double-digit percentage drops as investors rotated out of artificial intelligence winners, questioning if the recent rally in hardware stocks had pushed valuations beyond sustainable levels.
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Cryptocurrency markets rebound as Bitcoin reclaims the 60,000 mark
Digital assets experienced a sharp recovery on July 2, with Bitcoin surging past $61,000 following comments from Fed Chair Kevin Warsh regarding easing inflation risks. The total crypto market capitalization jumped nearly $50 billion in a short window as traders pivoted toward riskier assets amidst expectations of a more dovish central bank policy.
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Treasury yields decline as unemployment rate ticks down to 4.2 percent
U.S. Treasury yields slipped following the release of the June employment data, which showed a slight drop in the unemployment rate to 4.2%. The 10-year Treasury yield moved lower as the market interpreted the slow hiring pace and downward revisions to previous months as a signal for the Federal Reserve to maintain current interest rate levels.
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