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Climbed to a record close, settling near 51,670, after a US-Iran framework to reopen the Strait of Hormuz sent oil prices tumbling.

US Stocks Fall Pre-Bell After Trump Reportedly Says Ceasefire Deal With Iran 'Over'
US Markets

US Stocks Fall Pre-Bell After Trump Reportedly Says Ceasefire Deal With Iran 'Over'

US stock prices were falling in Wednesday's premarket session as oil prices jumped after President Trump reportedly said the US ceasefire agreement with Iran was "over."S&P 500 futures declined 0.7%, Dow Jones Industrial Average futures fell 0.9% and Nasdaq futures were off 1% before the opening bell. The indexes finished the previous trading session lower.During a North Atlantic Treaty Organization summit in Turkey on Wednesday, Trump said the memorandum of understanding signed with Iran last month to end the war in the Middle East was "over," according to several media outlets."To me, I think it's over," Trump said, according to CNBC. "I don't want to deal with them anymore."Trump's comments came after the US Central Command said Tuesday its forces completed a "new round of offensive strikes" against Tehran, following its attacks on commercial vessels transiting through the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps launched strikes on US military targets across Bahrain and Kuwait in response to Washington's attacks, CNN reported, citing the IRGC.The US Treasury Department also revoked a general license that authorized the sale of Iranian oil, petrochemicals and petroleum products, according to a Tuesday statement from the Office of Foreign Assets Control.West Texas Intermediate crude oil jumped 5% to $73.99 a barrel before the open, while Brent spiked 5.2% to $78.02.The Federal Reserve is scheduled to post minutes of its last policy meeting in June at 2 pm ET, which will be assessed for fresh insight on the central bank's monetary policy. At the meeting, policymakers kept their benchmark lending rate steady for a fourth consecutive time.US Treasury yields were moving higher in premarket action, with the two-year rate increasing 4.8 basis points to 4.21% and the 10-year rate adding 4.2 basis points to 4.57%.Wednesday's economic calendar also includes the weekly mortgage applications bulletin at 7 am, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Shares of SpaceX (SPCX) rebounded 1.2% pre-bell after falling 6.8% at the close of Tuesday's session. Alibaba Group's (BABA) US-listed stock climbed 9.1%.MasTec (MTZ) edged up 0.5% as the infrastructure engineering and construction company agreed to acquire electrical contractor Superior Group in a cash and stock deal worth roughly $1.65 billion.Levi Strauss (LEVI) is scheduled to release its latest financial results before the bell, while PriceSmart (PSMT) and AZZ (AZZ) post their earnings after the markets close.Gold dropped 2.3% to $4,062 per troy ounce, while bitcoin slipped 2.6% to $62,068.

Dow JonesNasdaq CompositeS&P 500$AZZ$BABA$LEVI$MTZ$PSMT$SPCX
Japan

US Equity Futures Fall Pre-Bell as Middle East Hostilities Restart, President Trump Declares US-Iran Ceasefire 'Over'

US equity futures fell pre-bell Wednesday as President Donald Trump declared that the US ceasefire with Iran was "over" amid escalating hostilities in the region once again, sending oil prices soaring.Dow Jones Industrial Average futures were 1.1% lower, S&P 500 futures were down 0.8%, and Nasdaq futures were 1.3% lower.In a post on X, US Central Command said it struck 80 Iranian targets, including air defense systems and radar sites, as a response to Iran's attacks on three commercial ships transiting the Strait of Hormuz. The US also revoked a license that allowed Iran to sell oil around the world.Iran's Islamic Revolutionary Guard Corps said that they had targeted US military sites in Bahrain and Kuwait. The renewed conflict in the region has caused at least four oil and gas tankers to turn back from their attempt to pass by the waterway, according to a Reuters report citing date from Kpler and LSEG.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 5.1% at $77.96 per barrel and US West Texas Intermediate crude 5% higher at $73.97 per barrel.Traders await the minutes of the June 16-17 Federal Reserve policy session, the first under new chair Kevin Warsh, scheduled for release at 2pm ET.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Renewed Iran Conflict Weighs on Wall Street Pre-Bell; Asia, Europe Off

Wall Street futures pointed lower pre-bell Wednesday after days of Iranian attacks on commercial vessels in the contested Strait of Hormuz, followed by President Donald Trump's statement on Tuesday that the Persian Gulf ceasefire was "over."The vital sea passageway Strait of Hormuz is again apparently closed, as Iran and the US trade military attacks.In the futures, the S&P 500 fell 0.8%, the Nasdaq declined 1.2% and the Dow Jones was off 1.1%.West Texas Intermediate crude oil traded up 4.9% to $73.88 in morning hours.Investors also await the 2 pm ET release of minutes of the Federal Reserve's June 16-17 policy session, the first chaired by Kevin Warsh, for clues to central bank thinking.Asian exchanges traded unevenly lower overnight, while European bourses tracked sharply south midday on the continent.Levi Strauss (LEVI) plans to report earnings pre-bell, among others.On the economic calendar, in addition to the Federal Reserve minutes, is the weekly EIA petroleum status report at 10:30 am ET.In pre-market action, bitcoin traded at $62,048, and 10-year US Treasuries offered 4.58%. Spot gold commanded $4,055 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Drop as Mega-Cap Chipmakers Slump, Treasury Revokes Iran Oil General License

(Updates with index/price moves, macroeconomic, and company/political news.)US equity indexes slumped as chipmakers led the technology sector lower and the Treasury Department revoked a June 21 license authorizing Iran to sell its crude oil in international markets.The Nasdaq Composite dropped 1.2% to 25,818.69, the S&P 500 fell 0.5% to 7,503.85, and the Dow Jones Industrial Average retreated 0.3% to 52,925.15 on Tuesday. Technology, industrials, and materials were the steepest decliners at the close. In addition to energy, the top gainer, other sectors in the lead included real estate, healthcare, and consumer staples.Among stocks with market capitalization exceeding $200 billion each, 14 out of the bottom 20 names were technology firms, according to data compiled by Finviz. A vast majority of tech firms in decline were from the semiconductor industry.The worst performer in this category of mega-caps with a significant sway over index moves was Intel (INTC), down 9.6%, after Samsung Electronics' preliminary earnings disappointed investors. Samsung forecast a surge in profit, but investors were seemingly locking in huge gains made on memory-chip stocks, and that's having a global impact, Barron's reported.In geopolitical news, the US Treasury Department revoked the general licence that authorised the sale of Iranian oil, petrochemicals, and petroleum products, according to a statement from the Office of Foreign Assets Control. "Effective July 7, 2026, General License X, dated June 21, 2026, is revoked and superseded in its entirety by General License X1."The OFAC is offering a short grace period until 12:01 a.m. EDT on July 17 to close authorized transactions under the June 21 order, according to the statement.The US action comes as two tankers were struck by projectiles in the Strait of Hormuz on Tuesday, per media reports on Tuesday citing the United Kingdom Maritime Trade Operations centre. In the past 24 hours, three tankers have been attacked in the chokepoint for about a fifth of the global crude oil flows, Al Jazeera, a Middle East broadcaster, reported on Tuesday.Meanwhile, Iran's Foreign Minister Abbas Araghchi said negotiations with the US on a final peace deal will not begin unless threats continue, referring to President Donald Trump's warning that Washington will reach an agreement with Tehran or "finish the job," Al Jazeera reported on Tuesday.The front-month global benchmark North Sea Brent jumped 5.5% to $75.99 a barrel, and the US West Texas Intermediate advanced 5.4% to $72.27 a barrel.Most US Treasury yields surged. The two-year yield jumped 6.4 basis points to $4.19%, and the 10-year soared 7.4 basis points to 4.55%.Gold futures dropped 1.2% to $4,116.10, and silver futures slumped 3.2% to $60.36.In economic news, consumer expectations for one-year US inflation growth jumped to 3.7% in June from 3.5% in the previous month, according to a survey released by the New York Federal Reserve Bank. The print is the highest since September 2023. Median inflation expectations rose to 3.3% from 3.1% three years ahead, and remained unchanged at 3.0% over five years.Consumer confidence for July rose from the prior month, with the RealClearMarkets' monthly index rising to 45.5 from 42.5 in June. A print above 50 suggests optimism, while a reading below 50 suggests pessimism.

Dow JonesNasdaq CompositeS&P 500$INTC
Update: Dow Snaps Record Run Amid Tech Sell-Off, Oil Price Jump
US Markets

Update: Dow Snaps Record Run Amid Tech Sell-Off, Oil Price Jump

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average retreated from record high on Tuesday as technology stocks sold off, while oil prices jumped amid renewed concerns over the Middle East situation.The Dow fell 0.3% to settle at 52,925.15 after logging back-to-back closing highs in the past two sessions. The technology-heavy Nasdaq Composite fell 1.2% to 25,818.7, while the S&P 500 shed 0.5% to 7,503.9.Among sectors, industrials saw the steepest decline followed by tech, while energy led gainers.Chipmaker Intel's (INTC) shares slumped 9.7%, the worst performer on the S&P 500. Western Digital (WDC), Marvell Technology (MRVL), Sandisk (SNDK), Advanced Micro Devices (AMD), Applied Materials (AMAT), Micron Technology (MU) also saw declines."Equities are rotating out of technology after Monday's rebound, as an Asian chip selloff revived (artificial intelligence)-valuation worries and pushed (South Korea's) KOSPI down 7.5%," Saxo Bank said in a report.A global tech sell-off on Tuesday followed the release of preliminary quarterly results by Samsung Electronics, as well as a Reuters report on Chinese firm DeepSeek developing its own AI chip that could allow it to rely less on US chipmaking giant Nvidia (NVDA) and Huawei.West Texas Intermediate crude oil was up 4.9% at $71.91 per barrel in Tuesday late-afternoon trade, while Brent advanced 5.1% to $75.67.Iran attacked a Qatari LNG ship transiting near the Strait of Hormuz, the world's most important chokepoint for crude flows, according to Qatar's foreign ministry spokesperson Majed Al Ansari.The US Treasury Department revoked the waiver allowing Iran to sell its oil, CNBC reported."Iran will only reap benefits if they exhibit good behavior," CNBC quoted a US official as saying. "Iran's actions in the Strait were wholly unacceptable to the United States and will be met with consequences."US Treasury yields were higher, with the 10-year rate up 6.6 basis points at 4.55% and the two-year rate rising 5.6 basis points to 4.18%.In economic news, the US trade deficit grew in May to its widest since March 2025, as imports increased and exports fell, government data showed."Surging imports and a rare decline in exports spiked the US trade deficit to its highest level in more than a year," BMO Capital Markets said in a note. "Despite tariffs, the trade deficit has returned to levels of late 2024, before importers began front-loading purchases, suggesting little overall progress in shrinking the trade gap."In company news, SpaceX (SPCX) drew bullish views from Wall Street as the rocket and satellite company joined the Nasdaq 100 index, with analysts pointing to AI, satellite connectivity and space-enabled solutions as key growth drivers.Deutsche Bank, RBC Capital Markets and Morgan Stanley initiated coverage of SpaceX with their highest ratings.SpaceX shares slumped 6.8%.Gold fell 1.1% to $4,122.80 per troy ounce, while silver lost 2.9% to $60.52 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$INTC$MRVL$MU$NVDA$SPCX$WDC
Update: Chip Stocks Weigh on Equities Intraday; Oil Rises on Hormuz Tensions
US Markets

Update: Chip Stocks Weigh on Equities Intraday; Oil Rises on Hormuz Tensions

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, with chip stocks among notable laggards, while oil prices jumped following reports that Iran hit a Qatari liquefied natural gas tanker near the Strait of Hormuz.The Nasdaq Composite was down 0.7% at 25,946.1 after midday Tuesday, while the S&P 500 shed 0.3% to 7,516.6. The Dow Jones Industrial Average dropped 0.3% to 52,913.7 after having hit a new high in the previous session.Among sectors, industrials saw the steepest decline intraday Tuesday, while energy and real estate paced the gainers.Chipmaker Intel's (INTC) shares were down 9.3%, the second-worst performer on the S&P 500. Western Digital (WDC), Applied Materials (AMAT), Marvell Technology (MRVL), Micron Technology (MU), and Advanced Micro Devices (AMD) also saw sharp declines."Equities are rotating out of technology after Monday's rebound, as an Asian chip selloff revived (artificial intelligence)-valuation worries and pushed (South Korea's) KOSPI down 7.5%," Saxo Bank said in a report.A global tech sell-off on Tuesday followed the release of preliminary quarterly results by Samsung Electronics, as well as a Reuters report on Chinese firm DeepSeek developing its own AI chip that could allow it to rely less on US chipmaking giant Nvidia (NVDA) and Huawei.West Texas Intermediate crude oil was up 2.9% at $70.50 per barrel intraday, while Brent advanced 3.1% to $74.22.Iran attacked a Qatari LNG ship transiting near the Strait of Hormuz, the world's most important chokepoint for crude flows, according to Qatar's foreign ministry spokesperson Majed Al Ansari."We demand that the Islamic Republic of Iran immediately cease all practices that undermine regional security or threaten the safety of international maritime navigation, (and) refrain from endangering global energy supplies (and) the resources of the countries of the region in pursuit of narrow interests," Al Ansari said in a social media post Tuesday.US Treasury yields were higher intraday, with the 10-year rate up 4.2 basis points at 4.52% and the two-year rate rising 2.7 basis points to 4.15%.In economic news, the US trade deficit grew in May to its widest since March 2025, as imports increased and exports fell, government data showed."Surging imports and a rare decline in exports spiked the US trade deficit to its highest level in more than a year," BMO Capital Markets said in a note. "Despite tariffs, the trade deficit has returned to levels of late 2024, before importers began front-loading purchases, suggesting little overall progress in shrinking the trade gap."In company news, SpaceX (SPCX) drew bullish views from Wall Street as the rocket and satellite company joined the Nasdaq 100 index, with analysts pointing to AI, satellite connectivity and space-enabled solutions as key growth drivers.Deutsche Bank, RBC Capital Markets and Morgan Stanley initiated coverage of SpaceX with their highest ratings.The stock was down 5.2% intraday.Gold fell 0.2% to $4,157.30 per troy ounce, while silver lost 1.4% to $61.46 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$AMD$INTC$MRVL$MU$NVDA$SPCX$WDC
Asia Markets

Update: US Equity Indexes Retreat as Chipmakers Hit Technology While Crude Oil Jumps Following Hormuz Missile Strike

(Updates with index/price moves and company/political news)US equity indexes declined as chipmakers helped push technology lower, while a missile strike on a Qatari vessel sent crude oil higher.The Nasdaq Composite fell 0.6% to 25,972.1, the S&P 500 fell 0.2% to 7,519.8, and the Dow Jones Industrial Average retreated 0.4% to 52,869.1 after midday Tuesday. The technology sector led decliners, followed by industrials and materials. In addition to energy, the top gainer, other sectors in the lead included real estate, healthcare, and utilities.Among stocks with market capitalization exceeding $200 billion each, 14 out of the bottom 20 names were technology firms, according to data compiled by Finviz. More than half of the decliners were semiconductor firms. The worst performer was Intel (INTC), down 9.2%, after Samsung Electronics' preliminary earnings disappointed investors.Shares of Space Exploration Technologies (SPCX) slumped 5.3% after the company was added to the Nasdaq 100 on Tuesday.In geopolitical news, Iran's Revolutionary Guard Corps fired missiles at vessels in the Strait of Hormuz, striking a liquefied natural gas carrier, according to media reports.The front-month global benchmark North Sea Brent jumped 3% to $74.17 a barrel, and the US West Texas Intermediate advanced 2.8% to $70.48 a barrel."Oil prices and especially LNG rose after a Qatari LNG ship was struck by a projectile near the Omani coast as it exited the Strait of Hormuz, raising unease among shipowners while once again testing a US-Iran agreement intended to halt attacks and keep the narrow strait open," Saxo Bank said in a note.France and Britain will outline plans for a multinational maritime mission in the Strait of Hormuz at talks between NATO and Gulf Arab foreign ministers on Tuesday, Reuters reported, adding that diplomats noted Iran's rejection of the initiative makes it unlikely to break the deadlock over the critical waterway in the Persian Gulf.In economic news, consumer expectations for one-year US inflation growth jumped to 3.7% in June from 3.5% in the previous month, according to a survey released by the New York Federal Reserve Bank. The print is the highest since September 2023. Median inflation expectations rose to 3.3% from 3.1% three years ahead, and remained unchanged at 3.0% over five years.The US international trade deficit widened to $77.59 billion in May from a revised $54.57 billion gap in April, compared with a wider shortfall of $78.4 billion expected in a Bloomberg-compiled survey. Imports rose in the month, while exports fell.Consumer confidence for July rose from the prior month, with the RealClearMarkets' monthly index rising to 45.5 from 42.5 in June. A print above 50 suggests optimism, while a reading below 50 suggests pessimism.Redbook US same-store sales surged almost 12% from a year earlier in the week ended July 4 after a year-over-year increase of nearly 1% in the previous week. "Significant nationwide temperature increases, combined with Independence Day promotions, led to increased demand for summer merchandise and brought more shoppers into air-conditioned stores," Redbook noted.Most US Treasury yields rose. The two-year yield climbed 2.4 basis points to $4.15%, and the 10-year jumped 4.4 basis points to 4.52%.Gold futures slipped 0.4% to $4,152.8, and silver futures dropped 1.7% to $61.26.In company news, Amazon (AMZN) is seeking to raise at least $25 billion from a sale of US-dollar bonds, Bloomberg reported, citing people familiar with the matter.

Dow JonesNasdaq CompositeS&P 500$AMZN$INTC$SPCX
Update: Dow Rises to Record as Wall Street Logs Weekly Gains
US Markets

Update: Dow Rises to Record as Wall Street Logs Weekly Gains

(Updates with market moves at the end of the day.)The Dow Jones Industrial Average rose to a record in a mixed Thursday session as Wall Street locked in gains for the holiday-shortened trading week despite volatility in the technology sector.The Dow gained 1.1% to 52,900.1. The Nasdaq Composite fell 0.8% to 25,832.7, and the S&P 500 was little changed at 7,482.7. Most sectors gained, led by healthcare, while technology posted the steepest decline.US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year.This week, the Nasdaq rose 2.1%, the Dow gained 2%, and the S&P 500 climbed 1.8%.In the tech sector, Cisco Systems (CSCO) shares fell 3.7% on Thursday, the biggest drop on the Dow, while Nvidia (NVDA) shed 1.4%, the third-largest decline on the index. Sandisk (SNDK) slumped 14%, the sharpest loss on the S&P.Tesla (TSLA) shares slid 7.5% even as second-quarter deliveries beat Wall Street's expectations. The electric-vehicle maker didn't provide any updates on key topics, including progress on its AI projects, Truist Securities said in a note.Apple (AAPL) shares rose 4.8%, the biggest gain on the Dow. The tech giant plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices for consumers, Nikkei Asia reported.In economic news, the US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for a 113,000 increase in a Bloomberg survey. Economists said downward revisions to payrolls growth in the previous two months has clouded a recent revival in the labor market.The unemployment rate eased to 4.2% from 4.3%, matching projections.The latest jobs report is unlikely to force the Federal Reserve to make a change in monetary policy immediately, as the pace of growth is "plenty strong enough to maintain a steady unemployment rate," Jefferies said in a note.On Wednesday, new Fed Chair Kevin Warsh suggested the central bank may be headed for another policy pause as inflation risks have eased.US Treasury yields were little changed with the two-year yield at 4.18% and the 10-year yield at 4.49%.West Texas Intermediate crude oil was down 0.2% at $68.47 a barrel in late-afternoon trading, while Brent was little changed at $71.59."Brent extended its slide towards $70 and pre-war levels (this week) as flows through the Strait of Hormuz continued to recover, while signs of progress in indirect US-Iran talks further eased supply concerns," Saxo Bank said in a report.Gold was last seen up 1.3% at $4,133.50 per troy ounce, while silver gained 1.4% to $61.34 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$CSCO$NVDA$SNDK$TSLA
Equities

S&P 500 Posts Weekly Rise Ahead of Fourth of July, Led by Communication Services

The Standard & Poor's 500 index rose 1.8% this week, led by gains in communication services and financials ahead of the holiday weekend.The S&P 500 ended Thursday's session at 7,483.24. This marks the end of the trading week as the US stock market will be closed on Friday in observance of Independence Day.Earlier this week, the S&P 500 closed out June with a 1.1% loss, its first monthly decline since March. Still, it gained 15% in the second quarter and 9.6% in the first half of 2026.On Thursday, US jobs data for June came in mixed. The data showed the US economy added fewer jobs than expected in June, yet the unemployment rate came in lower than forecast.Total nonfarm payrolls rose by 57,000 last month, representing the weakest tally since February and a notable miss versus the consensus estimate for an 113,000 increase. Also, May's gain was downwardly revised to 129,000 from an initial 172,000, while April's tally was lowered to 148,000 from 179,000.Nevertheless, the unemployment rate ticked down to 4.2% from 4.3%. The rate had been expected to remain at 4.3%.Communication services was the best performing sector this week, climbing 4.9%, followed by a 3.7% advance in financials, a 2.8% increase in consumer discretionary and a 2.1% rise in health care. Industrials and materials also rose by more than 1% each, while technology and consumer staples edged higher.Fox (FOXA, FOX) had the largest percentage gains in communication services for the week, with its Class A shares jumping 13% and Class B shares rising 10%. A regulatory filing showed the company entered into a $1 billion senior unsecured term loan credit agreement to help fund a portion of the cash consideration for its pending acquisition of Roku (ROKU). The two-year term loan facility will be available upon completion of the acquisition, with Fox also able to borrow up to an additional $1 billion, it said.Robinhood Markets (HOOD) led the climb in financials, gaining 14%. The company launched perpetual futures with no expiry date tied to commodities like gold, silver, and crude oil, as well as exchange-traded funds, and currencies in Europe, multiple media outlets reported.Real estate declined 1.5% while utilities and energy shed 1% each.Digital Realty (DLR) was among the hardest-hit stocks in real estate, falling 10%. The company said on Tuesday that it priced a secondary public offering of 12.3 million shares by affiliates of Blackstone (BX) at $185.00 each, representing a discount to its Monday closing price of $190.58.Quarterly earnings reports next week are expected from companies including PepsiCo (PEP) and Delta Air Lines (DAL).Economic data will include May consumer credit, June existing home sales, and the June Services Purchasing Managers' Index or PMI.

Dow JonesNasdaq CompositeS&P 500$DLR$FOX$FOXA$HOOD
Asia Markets

Update: US Equity Indexes Mixed as Weak Jobs Data Trigger Rotation Out of Growth Stocks

(Updates with index/price moves, macroeconomic data, and company news from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth and into defensives and old-economy sectors.The Nasdaq Composite dropped 0.8% to 25,832.67, while the S&P 500 was unchanged at 7,483.24 on Thursday, the last trading day of the week, on account of the Independence Day public holiday on Friday. The Dow Jones Industrial Average remained 1.1% higher at 52,900.07 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the sole decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 increase expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Hourly earnings increased by 0.35%, compared with the 0.3% gain expected, and following a 0.27% gain in May. Hourly earnings were up 3.5% year-over-year.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.US initial jobless claims fell to 215,000 in the week ended June 27 from an upwardly revised 216,000 level in the previous week, compared with expectations for an increase to 218,000 in a survey of analysts compiled by Bloomberg.US Treasury yields were mixed, with shorter maturities declining and mid- to long-term maturities rising. The two-year fell 2.7 basis points to 4.14% while the 10-year yield rose one basis point to 4.49%.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global oil benchmark North Sea Brent was little changed at $71.58 per barrel, while the US West Texas Intermediate slipped 0.2% to $68.48 per barrel.In company news, Tesla's (TSLA) shares slumped 8.2% even as the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday, citing sources familiar with the matter. Shares jumped 4.8%, the Dow's top gainer.

Dow JonesNasdaq CompositeS&P 500$AAPL$TSLA
Asia Markets

US Equity Indexes Rise This Week as Mag-7 Gains Help Offset Chipmakers-Led Decline in Technology

US equity indexes rose this week as gains in communication services and consumer cyclicals helped offset declines in technology, and crude oil extended declines amid continuing progress in Iran peace talks.* The S&P 500 closed at 7,483.24 on Friday versus 7,354.02 a week ago. The Nasdaq Composite stood at about 25,832.67, compared with 25,297.62 a week earlier. The Dow Jones Industrial Average ended at 52,900.07, versus 51,876.11 at the end of last week.* Health care, communication services, and consumer cyclicals led sectors, while energy, utilities, and technology lagged. Within tech, chipmakers retreated, and Micron Technology was among the steepest decliners.* All but one Magnificent-7 firm ended the week higher, with Nvidia (NVDA) being the exception. Of the remaining six, four were in the top 10 of companies with a market capitalization of over $200 billion each. Apple (AAPL) led the Mag-7 pack, with a weekly gain of 12%.* The Doha discussions produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said, according to a Thursday report from Reuters. Negotiators discussed maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, sources familiar with the discussions told Reuters.* US West Texas Intermediate crude oil retreated 0.2% to $68.46 per barrel late Thursday, trading below levels seen at the start of the Iran war.* The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.* Price risks have fallen in recent weeks, Federal Reserve Chair Kevin Warsh said, while reiterating his determination to ease inflation to the 2% target.

Dow JonesNasdaq CompositeS&P 500
Japan

US Equity Markets Mixed Amid Weak Jobs Data

US equity indexes were mixed Thursday after nonfarm payrolls data showed a decline in new jobs.* The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion* The Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.* August West Texas Intermediate crude oil fell $0.14 to settle at $68.44 per barrel, while August Brent crude, the global benchmark, was last seen up $0.03 at $71.60.* Apple (AAPL) plans to launch five new iPhone models despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday. Shares of the company were up about 4.8%, the top gainer on the Dow.* Tesla's (TSLA) shares were down about 7.5%, among the steepest decliners on the Nasdaq, even after the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.

Dow JonesNasdaq CompositeS&P 500$AAPL$TSLA
Japan

Update: US Equity Indexes Mixed Amid Rotation Out of Growth Sectors Following Weak Jobs Data

(Updates with index/price moves from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth sectors and into defensives.The Nasdaq Composite dropped 1.3% to 25,705.9, and the S&P 500 declined 0.5% to 7,446.5 ahead of Thursday's close. The Dow Jones Industrial Average bucked the trend, remaining 0.6% higher at 52,638.7 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the steepest decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Most US Treasury yields fell, with the two-year down 2.7 basis points to 4.14%.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global benchmark North Sea Brent was little changed at $71.57 per barrel, while the US West Texas Intermediate slipped 0.2% to $68.47 per barrel.

Dow JonesNasdaq CompositeS&P 500
Equity Markets Mixed Intraday After Jobs Report
US Markets

Equity Markets Mixed Intraday After Jobs Report

US benchmark equity indexes were mixed intraday as traders assessed the latest jobs report.The Nasdaq Composite was down 1.4% at 25,687.5 after midday Thursday, while the S&P 500 fell 0.6% to 7,439.8. The Dow Jones Industrial Average rose 0.4% to 52,529.7. Among sectors, technology saw the steepest decline, while healthcare paced the gainers.Cisco Systems (CSCO) shares were down 4.2%, the worst performer on the Dow, while Nvidia (NVDA) was among the steepest decliners on the index.US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year.The US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The consensus was for an 113,000 increase in a Bloomberg-compiled survey. Economists said downward revisions to payrolls growth in the previous two months has clouded a recent revival in the labor market.The unemployment rate ticked down to 4.2% from 4.3%, which was Wall Street's projection.The latest jobs report is unlikely to force the Federal Reserve to make a change in monetary policy immediately, as the pace of growth is "plenty strong enough to maintain a steady unemployment rate," Jefferies said in a note.On Wednesday, new Fed Chair Kevin Warsh suggested the central bank may be headed for another policy pause as inflation risks have eased.US Treasury yields were mixed intraday Thursday, with the two-year yield down four basis points at 4.14% and the 10-year yield little changed at 4.49%.In company news, Tesla (TSLA) shares slumped 8.3% even as the company's second-quarter deliveries beat the Street's expectations. The electric vehicle maker didn't provide any updates on key topics, including progress in its artificial intelligence projects, Truist Securities said in a note.Apple (AAPL) shares rose 4.6%, the best performer on the Dow. The tech giant plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices for consumers, Nikkei Asia reported, citing unnamed sources.West Texas Intermediate crude oil was down 0.4% at $68.28 a barrel intraday, while Brent fell 0.3% to $71.36."Brent extended its slide towards $70 and pre-war levels as flows through the Strait of Hormuz continued to recover, while signs of progress in indirect US-Iran talks further eased supply concerns," Saxo Bank said in a report.Gold was up 1.1% at $4,127.50 per troy ounce, while silver gained 1% to $61.16 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$CSCO$NVDA$TSLA
Asia Markets

Update: US Equity Indexes Mixed Following Weakest Jobs Report in Four Months

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as the economy added the fewest jobs since February, triggering a rotation out of high-growth sectors and into defensives.The Nasdaq Composite dropped 1.4% to 25,681.1, and the S&P 500 declined 0.6% to 7,441.9 after midday Thursday. The Dow Jones Industrial Average bucked the trend, remaining 0.6% higher at 52,752.5 after hitting a new all-time peak earlier in the session.Communication services, technology, and consumer discretionary were the steepest decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Hourly earnings increased by 0.35%, compared with the 0.3% gain expected, and following a 0.27% gain in May. Hourly earnings were up 3.5% year-over-year.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.The probability of the Federal Reserve staying on a policy hold in September jumped to 46% on Thursday afternoon from 36% a day ago, according to the CME FedWatch tool. The likelihood that the Fed pause will extend into October and December also increased.Most US Treasury yields fell, with the two-year down 3.5 basis points to 4.13%."The US job market stumbled in June and wasn't quite as solid as previously believed over the prior two months," Derek Holt, head of capital markets economics at Scotiabank, said in a note. "The result drove down shorter-term US Treasury yields and reduced OIS contract pricing for hikes, with the September contract now down 10bps from the full hike pricing back on September 22nd."Gold futures advanced 1.2%% to $4,129.7, and silver futures jumped 1.4% to $61.37.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.Negotiators spent two days discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds, two critical issues under the initial deal, sources familiar with the discussions told Reuters. Iran issued a fresh warning for vessels to follow Tehran-designated routes through the Strait of Hormuz, CNN reported Thursday.The front-month global benchmark North Sea Brent declined 0.6% to $71.17 per barrel, and the US West Texas Intermediate fell 0.6% to $68.16 per barrel.In company news, Tesla's (TSLA) shares slumped 7.8% even as the company's Q2 deliveries beat market expectations, while Truist Securities said the electric vehicle maker failed to provide any updates on key topics.Apple (AAPL) plans to launch five new iPhone models to gain market share despite a memory shortage that is driving up prices, Nikkei Asia reported Thursday, citing sources familiar with the matter. Shares jumped 4.7%, the Dow's top gainer.

Dow JonesNasdaq CompositeS&P 500$AAPL$TSLA
Asia Markets

Exchange-Traded Funds Fall, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) lost 2%.US equity indexes traded mixed as investors rotated out of high-growth sectors and into defensives after the economy added the fewest jobs since February.EnergyIShares US Energy ETF (IYE) was up 0.4% and the State Street Energy Select Sector SPDR (XLE) added 0.6%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) dropped 3%; iShares US Technology ETF (IYW) shed 2.8%, and iShares Expanded Tech Sector ETF (IGM) was down 2.9%.The State Street SPDR S&P Semiconductor (XSD) fell 7.4%, and iShares Semiconductor (SOXX) declined 6.1%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 1%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 2.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), dropped 2.7%.CommoditiesCrude oil slipped 0.7%, and the United States Oil Fund (USO) rose 0.4%. Natural gas lost 0.7%, and the United States Natural Gas Fund (UNG) was down marginally.Gold on Comex rose 1.2%, and the State Street SPDR Gold Shares (GLD) added 2%. Silver was up 1.4%, and iShares Silver Trust (SLV) was 2.6% higher.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) rose 1.8%. The Vanguard Consumer Staples ETF (VDC) gained 1.7%, and iShares Dow Jones US Consumer Goods (IYK) was up 1.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 1.1%. VanEck Retail ETF (RTH) rose 1.2%, and the State Street SPDR S&P Retail (XRT) dipped 0.2%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 2.1%, iShares US Healthcare (IYH) gained 2%, and Vanguard Health Care ETF (VHT) was up 1.9%. IShares Biotechnology ETF (IBB) added 1.7%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) dipped 0.5%. Vanguard Industrials Index Fund (VIS) was lower while iShares US Industrials (IYJ) was flat.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 3.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 3.1%, ProShares Ether ETF (EETH) was up 5.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.2% higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

Update: US Equity Indexes Mixed as Sell-Off in Growth Sectors Follows Smallest Job Addition in Four Months

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as investors rotated out of high-growth sectors and into defensives after the economy added the fewest jobs since February.The Nasdaq Composite fell 0.5% to 25,814.1, and the S&P 500 declined 0.2% to 7,465.4 after midday Thursday. The Dow Jones Industrial Average bucked the trend, remaining 0.7% higher at 52,752.5 after hitting a new all-time peak of 52,805.12 earlier in the session.Communication services, technology, and consumer discretionary were the only decliners. Healthcare, consumer staples, and utilities led the gainers.The June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.Meanwhile, Atlanta Federal Reserve's gross domestic product 'Nowcast' estimate came in at 1.2% growth in Q2, versus the previous 2.5% forecast.Most US Treasury yields fell, with the 10-year down 1.4 basis points to 4.46%. The two-year rate retreated 4.8 basis points to 4.12%.In geopolitical news, the Doha discussions between the US and Iran produced "positive progress" on issues related to the memorandum that halted the war in June and were "building on the outcomes" from the Switzerland summit, a Qatar Foreign Ministry spokesperson said in a post on X, formerly Twitter, according to Reuters.The front-month global benchmark North Sea Brent declined 1.2% to $70.75 per barrel, and the US West Texas Intermediate fell 1.2% to $67.76 per barrel.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Wall Street Set to Open Higher in Thursday Trading; US Adds Only 57,000 Jobs in June

US stocks look set to open higher in Thursday's trading session as investors parse key employment data released earlier in the morning.Dow Jones Industrial Average futures were up 0.3%, S&P 500 futures gained 0.2%, and Nasdaq futures rose 0.1%.Oil prices were heading sharply lower, with front-month global benchmarks Brent crude dropping 1.2% to $70.71 a barrel, while West Texas Intermediate crude was tumbling 1.4% to $67.60 a barrel.Investors are mulling over nonfarm payrolls, initial jobless claims, unemployment data, and average hourly earnings figures released by the US Bureau of Labor Statistics.US nonfarm payrolls rose only 57,000 in June, well below the 113,000 increase expected by analysts polled by Bloomberg and following a revised 129,000 gain in May. The unemployment rate for June declined to 4.2% from 4.3% in May, while Bloomberg expected the rate to remain unchanged.Initial jobless claims decreased to 215,000 in the week ended June 27 from a revised 216,000 the previous week, falling short of the 218,000 expected by analysts surveyed by Bloomberg. Average hourly earnings for June rose to 0.4% from 0.3%, compared with forecasts of 0.3%.In other world markets, Japan's Nikkei fell 2.5%, Hong Kong's Hang Seng rose 0.8%, and China's Shanghai Composite dropped 2%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.8%, Germany's DAX was rising 1.5%, and France's CAC was tracking 1.2% higher.In equities, shares of StablecoinX (USDE) soared 75% in Thursday's premarket session after the company said Thursday that it has launched its flagship infrastructure software platform StablecoinX Harness.SurgePays (SURG) shares were up 36% after the company said it amended an agreement with one of its tier 1 wholesale wireless network providers.Tenax Therapeutics (TENX) shares were rising almost 12% after the company said Thursday that results from a phase 3 clinical trial will be presented in a late-breaking clinical science session at the European Society of Cardiology Congress 2026.On the losing side, Linkhome (LHAI) shares were down 38% in Thursday premarket activity, following the previous session's 315% gain after the company announced the acquisition of Mortgage One Group.Elicio Therapeutics (ELTX) stock was down 32% after pricing a registered direct offering of about 4.4 million shares.INLIF (INLF) shares were down 26% after its board approved a 1-for-200 share combination.

Dow JonesNasdaq CompositeS&P 500$ELTX$INLF$LHAI$SURG$TENX$USDE
Commodities

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday Amid Latest Economic Reports

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.4% in Thursday's premarket activity, amid the latest economic reports.US stock futures were mixed, with S&P 500 Index futures rose 0.4%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures retreating 0.5% before the start of regular trading.US initial jobless claims fell to 215,000 from 216,000 in the prior week, coming in below economists' expectations of 218,000.US nonfarm payrolls increased by 57,000 in June, well below expectations for a gain of 113,000 and down from a revised 129,000 increase in May, while the unemployment rate edged down to 4.2% from 4.3%, beating forecasts for no change.May's factory orders report will be released at 10 am ET, followed by the weekly EIA natural gas report at 10:30 am ET.The weekly Baker Hughes oil-and-gas rig count will be released at 1 pm ET.In premarket action, bitcoin was up by 1.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.7% higher, Ether ETF (EETH) advanced 2.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 2.8%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased by 0.5%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Alibaba (BABA) shares were down more than 1% pre-bell after gaining 2.1% at Wednesday's close. The US Department of Justice said Wednesday that the company and its US-based payment processor, AUS Merchant Services, agreed to pay a combined $600 million to resolve US allegations over illegal product sales on the company's e-commerce platforms.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.7% lower.UBS Group AG (UBS) shares traded up 3.4% in early hours activity after the Financial Times reported that the company plans to begin testing everyday banking services for its US employees as early as December, laying the groundwork for a full-service bank targeting wealthy American clients by mid-2027.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.1%, while the Vanguard Industrials Index Fund (VIS) was inactive and the iShares US Industrials ETF (IYJ) was flat.Forgent Power Solutions (FPS) stock was down more than 2% before the opening bell after the company priced an upsized public offering of its class A common shares at $49 each.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.6%, the Vanguard Health Care Index Fund (VHT) was flat, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was 0.9% higher.Novartis (NVS) stock was up more than 1% premarket after the company received European Commission approval for its gene replacement treatment, Itvisma, to treat spinal muscular atrophy in patients aged 2 and older.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was flat.TotalEnergies (TTE) stock advanced more than 1% before the opening bell after the company agreed to sell its 85% interest in Block 2E offshore Malaysia to INPEX for $350 million.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.9%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) down 1.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 1.2%, while the iShares Semiconductor ETF (SOXX) rose by 1.9%.Nvidia (NVDA) shares were down 0.4% in premarket activity, extending losses from the previous day's 1.3% fall. The company said it is expanding access to its artificial intelligence infrastructure by introducing a revenue-sharing model that grants token credits to developers in exchange for a portion of the recurring earnings from the cloud networks.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.8% to $67.31 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.2% to $3.18 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1%, while the United States Natural Gas Fund (UNG) was 0.7% lower.Gold futures for July were up by 1.1% to $4,129.62 an ounce on the Comex. Silver futures was up by 2.3% to $61.89 an ounce. SPDR Gold Shares (GLD) advanced by 2.3%, and the iShares Silver Trust (SLV) was 3.6% higher.

Dow JonesNasdaq CompositeS&P 500$BABA$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FPS$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVDA$NVS$PMR$QQQ$RTH$SLV$SOXX$SPY$TTE$UBS$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Stocks Mostly Up Pre-Bell Ahead of Key Jobs Report
US Markets

Stocks Mostly Up Pre-Bell Ahead of Key Jobs Report

US equity markets were mostly tracking in the green before the opening bell Thursday as traders await a key employment report for June.The S&P 500 was slightly in the green in premarket activity, while the Nasdaq was off 0.4%. The Dow Jones Industrial Average rose 0.2%. The indexes finished the previous trading session lower.US markets will be closed on Friday in observance of the Independence Day holiday, which falls on a Saturday this year.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 115,000 jobs in June, compared with a 172,000 gain reported for the month prior, according to a Bloomberg poll.Employment in the US private sector increased less than expected in June, ADP (ADP) data showed Wednesday. Separately, Challenger Gray & Christmas said American employers announced 45,849 layoffs last month, down 53% from May and 4% from a year earlier. The reading marked the lowest monthly total since December 2025.Earlier in the week, government data showed job openings were little changed in May as hiring fell and separations rose.Treasury yields were trending upwards in premarket action, with the two-year rate rising 0.8 basis points to 4.17% and the 10-year rate adding 1.8 basis points to 4.49%.Federal Reserve Chair Kevin Warsh said Wednesday that inflation risks have eased, suggesting the central bank may be headed for another policy pause.The Fed remains committed to delivering price stability in the US, he said, reiterating what the Federal Open Market Committee said in its June policy statement."Inflation risks have come down," Warsh said at a European Central Bank forum in Portugal. "If there were people in household or the business sector or the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess they'd be disappointed."Markets widely expect the Fed to keep rates unchanged again when it meets toward the end of July, according to the CME FedWatch tool.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am and the weekly Baker Hughes oil-and-gas rig count at 1 pm. Federal Reserve Bank of San Francisco President Mary Daly is slated to speak at 7:45 am.President Donald Trump told reporters on Wednesday that negotiations with Iran in Qatar were progressing, according to CNBC. "The denuclearization of Iran is moving along well," according to Trump. "They've had very good meetings and we'll see."US special envoys Jared Kushner and Steve Witkoff landed in Qatar on Tuesday for technical discussions tied to the initial agreement between Washington and Tehran.Qatar's Foreign Ministry said "positive progress" had been made in talks, Bloomberg News reported.West Texas Intermediate crude oil decreased 1.4% to $67.60 a barrel before the open, while Brent slipped 1.3% to $70.66.Shares of Meta Platforms (META) nudged 0.1% lower pre-bell after finishing Wednesday trading with an 8.8% jump.The Facebook and WhatsApp parent was reported to be building a cloud infrastructure business to sell access to artificial intelligence computing power and models, setting up a new area of competition with Amazon (AMZN) Web Services, Microsoft (MSFT) Azure, and Alphabet's (GOOG, GOOGL) Google Cloud.Micron Technology (MU) fell nearly 2% while CoreWeave (CRWV) slipped 1.5%.Gold was slightly in the green at $4,083 per troy ounce, while bitcoin rose 1.7% to $61,199.

Dow JonesNasdaq CompositeS&P 500$AMZN$CRWV$GOOG$GOOGL$META$MSFT$MU

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