Finance

The Nasdaq Composite fell 0.7% as investors rotated out of high-flying semiconductor stocks like Applied Materials and Sandisk, which saw double-digit percentage drops. Despite the broader tech decline, companies like Meta and Tesla recorded gains, with Tesla rising after the closure of a long-standing federal safety investigation.

U.S. Treasury yields retreated on July 2, 2026, as the softer-than-expected jobs report prompted a rally in government bonds. The policy-sensitive two-year yield dropped roughly 5 basis points to 4.11%, while the benchmark 10-year yield settled around 4.46% as traders reassessed the central bank's path forward.

Bitcoin and Ethereum prices rose more than 2% following the release of the June employment report. Bitcoin traded near $61,300 as the prospect of a less aggressive Federal Reserve provided a tailwind for digital assets, though technical indicators suggest the market still faces resistance at higher levels.