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Price
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Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
-2.61%
3,738.33
-100.26
-2.61%
3,838.593,772.443,787.043,735.58
SIXC
Communications
SIXC
Communications
SIXC
+2.28%
573.84
+12.79
+2.28%
561.05561.05579.64561.05
SIXM
Financials
SIXM
Financials
SIXM
+2.13%
675.90
+14.10
+2.13%
661.80663.33679.64663.19
SIXU
Utilities
SIXU
Utilities
SIXU
-1.30%
906.52
-11.98
-1.30%
918.50918.31918.31904.33
SIXI
Industrials
SIXI
Industrials
SIXI
-1.06%
1,849.64
-19.77
-1.06%
1,869.411,863.021,872.211,843.05
US market summary
U.S. equity markets opened the third quarter with a slight retreat on July 1, 2026, following a historic first half where the S&P 500 and Nasdaq posted their best quarterly gains since 2020. The Dow Jones Industrial Average reached a new intraday record high of 52,742.66 before paring gains to finish essentially flat, while broader indexes saw modest losses as investors recalibrated for the second half of the year.
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Semiconductor sector experiences significant profit taking
Technology-heavy benchmarks faced pressure as high-flying chipmakers including Micron and SanDisk fell more than 10% in a single session. This sharp decline follows a massive rally in the first half of 2026, during which many semiconductor stocks gained over 80%, prompting widespread profit-taking across the sector.
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Treasury yields advance ahead of critical employment data
U.S. Treasury yields pushed higher on July 2, with the benchmark 10-year note yield rising toward 4.49% as traders anticipated the June non-farm payrolls report. The upcoming jobs data is highly awaited as it may provide the Federal Reserve with justification for a hawkish policy stance, especially with bond yields already elevated due to ongoing geopolitical tensions.
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Commodities stabilize as geopolitical concerns ease
Gold prices recovered to approximately $4,082 per ounce after finding support from a weaker-than-expected manufacturing report, reversing earlier sharp quarterly losses. Simultaneously, Brent crude prices fell nearly 2% to $71.57 a barrel as diplomatic developments between the U.S. and Iran offered hope for the reopening of critical maritime energy routes.
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