Key facts
- Major US stock indexes showed mixed performance on Thursday, July 2, 2026.
- The S&P 500 was little changed, while the Dow Jones Industrial Average reached a new record.
- The Nasdaq composite declined 0.8% due to weakness in chip stocks.
- Slower U.S. hiring data released Thursday reduced expectations for an interest rate hike this month.
- Chip stocks continued their slide across global markets.
Major US stock indexes experienced a mixed performance on Thursday, July 2, 2026. The S&P 500 was little changed, with more than two-thirds of its constituent stocks rising, despite a decline in chip stocks and other AI-related winners. The Dow Jones Industrial Average climbed 1.1% to a new record, while the Nasdaq composite dropped 0.8% after erasing earlier gains. Data showing a slowdown in U.S. hiring last month helped push traders to trim bets for a potential interest rate hike later this month, providing broad support for stocks. However, chip stocks continued their slide globally.
On Thursday, the S&P 500 closed up less than 0.1% at 7,483.24. The Dow Jones Industrial Average rose 594.83 points to 52,900.07. The Nasdaq composite fell 207.36 points to 25,832.67, and the Russell 2000 index of smaller companies declined 0.5% to 2,996.11.
For the week, the S&P 500 is up 1.8%, the Dow Jones Industrial Average has gained 2%, and the Nasdaq Composite has risen 2.1%. The Russell 2000 is down 0.5% for the week.
Year-to-date, the S&P 500 has advanced 9.3%, the Dow Jones Industrial Average is up 10.1%, and the Nasdaq Composite has surged 11.1%. The Russell 2000 has shown significant strength with a year-to-date gain of 20.7%.