Stock market today: Dow, S&P 500, Nasdaq rebound after tech rout as oil prices tumble

Live updates

1. 1h ago

   Dow Hits Record Close as Markets React to Jobs Data

   The Dow Jones Industrial Average reached its 20th record close of 2026 on July 2, rising 594 points or 1.1% to end near 52900. Wall Street indexes advanced following a June payrolls report that was weaker than expected. This data reduced fears of aggressive Federal Reserve rate hikes.

   What's confirmed:

   • The Dow Jones Industrial Average rose 594 points, or 1.1%, to end near 52900 on July 2, 2026.
   • The Dow notched its 20th record close of 2026 on July 2.
   • US stocks rose after a weaker-than-expected June payrolls report cooled expectations for aggressive Fed rate hikes.

   Still unconfirmed:

   • The Supreme Court blocked Trump's firing of Lisa Cook.
   • Cathie Wood bought a diving stock.
   confidence 90%
2. 5d ago

   US Indices Rebound After Tech Rout as Oil Prices Drop

   The Dow, S&P 500, and Nasdaq are recovering following a significant sell-off in technology stocks. This rebound coincides with a sharp decline in oil prices. Investors are currently monitoring Micron earnings for insights into the AI market.

   What's confirmed:

   • The Dow, S&P 500, and Nasdaq showed signs of recovery after a tech-led sell-off.
   • Oil prices have dropped significantly.
   • Asian tech stocks rebounded following a global rout, with Samsung rising 9%.
   • The Nasdaq previously dropped 3% as AMD, Intel, and Micron tumbled.
   • Concerns over AI spending and valuations contributed to the tech retreat.

   Still unconfirmed:

   • The Dow Jones Industrial Average was down 12% from its January peak as of last week.
   • The Nasdaq Composite plummeted 18% as of last week.
   • The S&P 500 recorded a 10% decline as of last week.
   • Asian shares slipped due to caution regarding a war in Iran.
   • A tech rout involving AI jitters resulted in a 1.3 trillion dollar loss.
   • FedEx stock dived on earnings.
   confidence 90%