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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
The Dow Jones Industrial Average surged nearly 600 points to a record close of 52,900.07 during the holiday-shortened week, bolstered by gains in traditional sectors and blue-chip stocks like Apple. Conversely, the Nasdaq-100 suffered losses as investors rotated away from high-flying chipmakers and artificial intelligence companies, which saw significant valuation pullbacks.
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Cooling labor market data shifts Federal Reserve expectations
June's employment data showed the U.S. economy added only 57,000 jobs, significantly missing economist forecasts of roughly 115,000. This slowdown in hiring has led market participants to reduce their expectations for an imminent interest rate hike, contributing to a rally in the broader stock market despite ongoing tech volatility.
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Bitcoin and Ethereum rebound following soft economic reports
Cryptocurrency prices moved higher as July began, with Bitcoin testing the $62,000 level and Ethereum climbing over 5% in early July trading. The rally was largely driven by the weaker-than-expected jobs report, which eased investor fears regarding tighter monetary policy from the Federal Reserve.
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Treasury yields ease as investors digest inflation signals
The yield on the 2-year Treasury note dropped as the latest labor market data suggested a potential pause in the Federal Reserve's tightening cycle. While short-term yields cooled, the 10-year Treasury note remained near 4.48%, reflecting a complex landscape of slowing growth coupled with persistent inflationary pressures.
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