Key facts
- The S&P 500 fell 0.2% on Wednesday, marking its eighth loss in 11 days.
- The Dow Jones Industrial Average decreased by less than 0.1%.
- The Nasdaq Composite fell 0.7%.
- The Russell 2000 index of smaller companies declined by 0.4%.
- Treasury yields pared gains following a weaker-than-expected US manufacturing report.
- Micron Technology was among the AI-related stocks that fell.
Major U.S. stock indexes experienced a mixed performance on Wednesday, July 1, 2026, with declines in influential technology companies tempering broader market gains. The S&P 500 slipped 0.2%, marking its eighth loss in the past 11 trading days. The Dow Jones Industrial Average edged down less than 0.1%, and the Nasdaq composite fell 0.7%.
Stocks found some support from the bond market as Treasury yields pared their earlier gains following the release of a U.S. manufacturing report that came in weaker than anticipated. This economic data could influence the Federal Reserve's decisions regarding interest rate increases later in the year.
However, the market's upward momentum was checked by declines in some recent AI-related winners, notably Micron Technology, which weighed on the overall performance of the indexes.
On Wednesday, the S&P 500 closed at 7,483.23, down 16.13 points. The Dow Jones Industrial Average finished at 52,305.24, down 13.96 points. The Nasdaq composite ended the day at 26,040.03, a decrease of 173.69 points. The Russell 2000 index, representing smaller companies, fell 11.78 points, or 0.4%, to 3,012.59.
Looking at the week-to-date performance, the S&P 500 is up 1.8%, the Dow Jones Industrial Average has gained 0.8%, and the Nasdaq Composite has risen 2.9%. The Russell 2000 has seen a modest increase of 0.1% for the week.
Year-to-date, the S&P 500 has advanced 9.3%, the Dow Jones Industrial Average is up 8.8%, and the Nasdaq Composite has surged 12%. The Russell 2000 has shown significant strength, with a year-to-date gain of 21.4%.