On July 2, 2026, U.S. stock indexes showed mixed results, with the S&P 500 rising 0.10% to a two-week high and the Dow Jones Industrial Average increasing 0.85% to a new all-time high. In contrast, the Nasdaq 100 fell 0.92%. Significant economic indicators revealed U.S. nonfarm payrolls rose by 57,000 in June, well below the expected 113,000, while the unemployment rate unexpectedly dropped to 4.2%—its lowest in a year.
Internationally, South Korea’s Kospi Index declined over 7%, driven by losses in major chipmakers like SK Hynix and Samsung Electronics amid doubts about AI growth sustainability. In further economic data, U.S. factory orders in May fell by 1.3%, exceeding the expected decline of 2.0%, while factory orders excluding transportation actually increased by 1.9%, marking the most substantial rise in over four years.
Crude oil prices fell over 1% to a four-month low, while the United Arab Emirates ramped up crude oil shipments by 30% in June, restoring exports to pre-war levels. The markets are currently pricing in only a 20% chance of a 25 basis point rate hike from the Federal Reserve at its next meeting on July 28-29.
5 Stocks Our Experts Predict Could Double In the Next Year
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