#USMarketUpdate
Wall Street ends choppy session lower as tech shares drop | Reuters
SUMMARY
Investors digest Fed Chair Warsh's comments
Meta jumps after report on cloud business
Alcoa shares fall after deal
Dow down 0.03%; S&P 500 down 0.2%; Nasdaq down 0.7%
July 1 (Reuters) - U.S. stocks finished slightly lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500 and Nasdaq.
Chipmakers were among the biggest drags on the S&P 500 and Nasdaq, with an index of semiconductors (.SOX), opens new tab ending 6.3% lower and technology (.SPLRCT), opens new tab leading declines among S&P 500 sectors. Lofty valuations and big AI spending by tech companies have been a concern for some market participants.
The key monthly U.S. jobs report is due out on Thursday, with the market closed on Friday ahead of the Fourth of July holiday.
Shares of Meta Platforms (META.O), opens new tab rallied 8.8% after Bloomberg News reported that it is building a cloud business to sell excess AI computing capacity.
Also providing some support were comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.
Warsh said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
Oil prices rose sharply at the start of the Iran war. Traders slightly pared their rate-hike expectations as Warsh spoke, but they still expect at least one hike from the U.S. central bank this year, according to data compiled by LSEG.
Investors also digested data from the Institute for Supply Management that showed U.S. manufacturing activity had slowed in June but was still solid.
Among the day's other decliners, shares of Alcoa (AA.N), opens new tab fell 8.9% after Australia's South32 (S32.AX), opens new tab agreed to sell most of its aluminium assets to Alcoa.
The day's weakness comes after a strong second quarter for the indexes. The S&P 500 and the Nasdaq Composite registered their biggest quarterly gains since 2020, while the Dow marked its best showing since 2022.
Advancing issues outnumbered decliners by a 1.07-to-1 ratio on the New York Stock Exchange. There were 353 new highs and 127 new lows on the NYSE.
On the Nasdaq, 2,661 stocks rose and 2,303 fell as advancing issues outnumbered decliners by a 1.16-to-1 ratio.
The S&P 500 posted no new 52-week highs and no new lows, while the Nasdaq Composite recorded no new highs and no new lows.
https://www.reuters.com/business/wall-st-futures-slip-second-half-year-begins-with-mideast-worries-2026-07-01/
Wall Street ends choppy session lower as tech shares drop
https://www.straitstimes.com/business/companies-markets/wall-street-ends-choppy-session-lower-as-tech-shares-drop
Wall Street ends choppy session lower as tech shares drop | Reuters
SUMMARY
Investors digest Fed Chair Warsh's comments
Meta jumps after report on cloud business
Alcoa shares fall after deal
Dow down 0.03%; S&P 500 down 0.2%; Nasdaq down 0.7%
July 1 (Reuters) - U.S. stocks finished slightly lower on Wednesday as technology shares fell, but gains in Meta Platforms limited the decline in the S&P 500 and Nasdaq.
Chipmakers were among the biggest drags on the S&P 500 and Nasdaq, with an index of semiconductors (.SOX), opens new tab ending 6.3% lower and technology (.SPLRCT), opens new tab leading declines among S&P 500 sectors. Lofty valuations and big AI spending by tech companies have been a concern for some market participants.
The key monthly U.S. jobs report is due out on Thursday, with the market closed on Friday ahead of the Fourth of July holiday.
Shares of Meta Platforms (META.O), opens new tab rallied 8.8% after Bloomberg News reported that it is building a cloud business to sell excess AI computing capacity.
Also providing some support were comments from Federal Reserve Chair Kevin Warsh that inflation risks had eased recently.
Warsh said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy despite President Donald Trump's call for interest rate cuts.
Oil prices rose sharply at the start of the Iran war. Traders slightly pared their rate-hike expectations as Warsh spoke, but they still expect at least one hike from the U.S. central bank this year, according to data compiled by LSEG.
Investors also digested data from the Institute for Supply Management that showed U.S. manufacturing activity had slowed in June but was still solid.
Among the day's other decliners, shares of Alcoa (AA.N), opens new tab fell 8.9% after Australia's South32 (S32.AX), opens new tab agreed to sell most of its aluminium assets to Alcoa.
The day's weakness comes after a strong second quarter for the indexes. The S&P 500 and the Nasdaq Composite registered their biggest quarterly gains since 2020, while the Dow marked its best showing since 2022.
Advancing issues outnumbered decliners by a 1.07-to-1 ratio on the New York Stock Exchange. There were 353 new highs and 127 new lows on the NYSE.
On the Nasdaq, 2,661 stocks rose and 2,303 fell as advancing issues outnumbered decliners by a 1.16-to-1 ratio.
The S&P 500 posted no new 52-week highs and no new lows, while the Nasdaq Composite recorded no new highs and no new lows.
https://www.reuters.com/business/wall-st-futures-slip-second-half-year-begins-with-mideast-worries-2026-07-01/
Wall Street ends choppy session lower as tech shares drop
https://www.straitstimes.com/business/companies-markets/wall-street-ends-choppy-session-lower-as-tech-shares-drop
While You Were Sleeping: 5 stories you might have missed, July 2, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-2-2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-2-2026
The Straits Times
While You Were Sleeping: 5 stories you might have missed, July 2, 2026
While You Were Sleeping: 5 stories you might have missed, July 2, 2026. Read more at straitstimes.com. Read more at straitstimes.com.
#USMarketUpdate
Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks sink to start 3rd quarter
US stocks slipped on Wednesday to start the first day of the third quarter as investors scrutinized comments from Federal Reserve Kevin Warsh for clues about future interest rate moves.
The Dow Jones Industrial Average (^DJI) slipped below the flatline after a fresh record-high close, while the S&P 500 (^GSPC) dropped 0.2%. The tech-heavy Nasdaq Composite (^IXIC) dipped 0.6% as semiconductor stocks retreated.
Stocks bounced off session lows following Warsh's remarks at the ECB forum in Portugal on Wednesday. Warsh didn't provide Wall Street with forward guidance on Fed policy, but he did reaffirm his commitment to price stability, stating that "prices are too high."
That, along with a fresh batch of economic data, set the stage for the June jobs report on Thursday, a day earlier than usual due to the Fourth of July holiday shutdown. Data from ADP on Wednesday showed private sector hiring slowed more than expected in June, as the private sector added 98,000 jobs, while data from the outplacement firm Challenger, Gray & Christmas showed US employers announced just under 46,000 job cuts last month, down slightly from a year ago.
https://finance.yahoo.com/markets/live/stock-market-today-nasdaq-dips-dow-and-sp-500-rise-as-markets-weigh-kevin-warshs-remarks-224748322.html
Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks sink to start 3rd quarter
US stocks slipped on Wednesday to start the first day of the third quarter as investors scrutinized comments from Federal Reserve Kevin Warsh for clues about future interest rate moves.
The Dow Jones Industrial Average (^DJI) slipped below the flatline after a fresh record-high close, while the S&P 500 (^GSPC) dropped 0.2%. The tech-heavy Nasdaq Composite (^IXIC) dipped 0.6% as semiconductor stocks retreated.
Stocks bounced off session lows following Warsh's remarks at the ECB forum in Portugal on Wednesday. Warsh didn't provide Wall Street with forward guidance on Fed policy, but he did reaffirm his commitment to price stability, stating that "prices are too high."
That, along with a fresh batch of economic data, set the stage for the June jobs report on Thursday, a day earlier than usual due to the Fourth of July holiday shutdown. Data from ADP on Wednesday showed private sector hiring slowed more than expected in June, as the private sector added 98,000 jobs, while data from the outplacement firm Challenger, Gray & Christmas showed US employers announced just under 46,000 job cuts last month, down slightly from a year ago.
https://finance.yahoo.com/markets/live/stock-market-today-nasdaq-dips-dow-and-sp-500-rise-as-markets-weigh-kevin-warshs-remarks-224748322.html
Yahoo Finance
Stock market today: Dow, S&P 500, Nasdaq slip as semiconductor stocks sink to start 3rd quarter
US stocks were mixed after Fed Chairman Kevin Warsh reaffirmed the central bank's inflation target.
Morning Briefing: Top stories from The Straits Times on July 2, 2026
https://str.sg/vCZA
https://str.sg/vCZA
The Straits Times
Morning Briefing: Top stories from The Straits Times on July 2, 2026
You are reading the Morning Briefing newsletter. Get the news that prepares you for the day ahead, delivered to your inbox. Subscribe to our newsletter. Read more at straitstimes.com.
#XiaoLin
Navigating the interwoven America AI capital spending landscape
https://youtu.be/OcKl98ZQbMQ?is=Q90tSm_Z8gQq6Agm
Navigating the interwoven America AI capital spending landscape
https://youtu.be/OcKl98ZQbMQ?is=Q90tSm_Z8gQq6Agm
YouTube
AI巨头们之间的资本混战，到底是个什么情况？
AI资本大混战，我说说，你听听~
【章节】
0:00 开头
1:01 入围玩家
4:19 OA争夺战
9:12 上下游合作
15:08 中心牌桌
【章节】
0:00 开头
1:01 入围玩家
4:19 OA争夺战
9:12 上下游合作
15:08 中心牌桌
🐳 WhalePool Traders Journal
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#HKMarketUpdate
<Full-day Takeaway>HSI Closes at 23,055, Up 174 pts; HSTI Closes at 4,454, Down 17 pts; XIAOMI Up over 4%; MEITUAN Up over 3%; Market Turnover Rises
2026/07/02 16:12 GMT+08
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531570/latest-news/AAFN
<Full-day Takeaway>HSI Closes at 23,055, Up 174 pts; HSTI Closes at 4,454, Down 17 pts; XIAOMI Up over 4%; MEITUAN Up over 3%; Market Turnover Rises
2026/07/02 16:12 GMT+08
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531570/latest-news/AAFN
#HKMarketUpdate
<H Shrs> HSI Closes Up 174 pts as BYD COMPANY Gains 8%, SMIC Drops 10%; Leveraged ETFs Tracking Samsung and SK Hynix Slump Over 26%
2026/07/02 16:24 GMT+08
US stocks fell overnight (1st), with the DJIA reversing losses after hitting a record high. Some chip stocks posted notable declines, while the Nasdaq dropped nearly 0.7%. The HSI opened 190 pts higher this morning (2nd), with gains widening to more than 450 pts before trimming. The index closed at 23,055 pts, up 174 pts or 0.76%, with total market turnover at HKD369.633 billion. The HSCEI closed at 7,612 pts, up 54 pts or 0.72%, while the HSTECH closed at 4,454 pts, down 17 pts or 0.4%.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531581/top-news/AAFN
<H Shrs> HSI Closes Up 174 pts as BYD COMPANY Gains 8%, SMIC Drops 10%; Leveraged ETFs Tracking Samsung and SK Hynix Slump Over 26%
2026/07/02 16:24 GMT+08
US stocks fell overnight (1st), with the DJIA reversing losses after hitting a record high. Some chip stocks posted notable declines, while the Nasdaq dropped nearly 0.7%. The HSI opened 190 pts higher this morning (2nd), with gains widening to more than 450 pts before trimming. The index closed at 23,055 pts, up 174 pts or 0.76%, with total market turnover at HKD369.633 billion. The HSCEI closed at 7,612 pts, up 54 pts or 0.72%, while the HSTECH closed at 4,454 pts, down 17 pts or 0.4%.
https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1531581/top-news/AAFN
Google loses fight over record $4.7 billion EU antitrust fine
https://www.cnbc.com/2026/07/02/alphabet-google-android-eu-antitrust-fine-4-1-billion-euro-appeal.html
https://www.cnbc.com/2026/07/02/alphabet-google-android-eu-antitrust-fine-4-1-billion-euro-appeal.html
CNBC
Google loses fight over record $4.7 billion EU antitrust fine
In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android's mobile dominance.
13 Habits of Unsuccessful People According to Charlie Munger - New Trader U
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New Trader U
13 Habits of Unsuccessful People According to Charlie Munger
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U.S. Treasury yields rise as investors await June jobs report
https://www.cnbc.com/2026/07/02/us-treasury-yields-rise-as-investors-await-june-jobs-report.html
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CNBC
2-year Treasury yield eases as light jobs report reduces Fed hike expectations
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About 1 in 7 S'pore families has income of at least S$30k a month; share almost doubled in 5 years
https://www.businesstimes.com.sg/singapore/about-1-7-spore-families-has-income-least-s30k-month-share-almost-doubled-5-years
https://www.businesstimes.com.sg/singapore/about-1-7-spore-families-has-income-least-s30k-month-share-almost-doubled-5-years
The Business Times
About 1 in 7 S’pore families has income of at least S$30k a month; share almost doubled in 5 years
In 2025, 13.4% of resident households had a monthly market income of $30,000 or more, up from 7.4% in 2020 Read more at The Business Times.
DBS seen to benefit from China’s tighter grip on wealth flows: report https://bt.sg/w6Z7R
The Business Times
DBS seen to benefit from China’s tighter grip on wealth flows: report
Actions taken by Beijing will likely impact Hong Kong, add Autonomous analysts Read more at The Business Times.
7 Books the Upper Class Reads Twice and the Working Class Skips
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7 Books the Upper Class Reads Twice and the Working Class Skips
The pattern of books upper-class families read more than once shows up in biographies, interviews, and the reading lists investors and executives pass around
The rise of the Very Important Customer in luxury | The Straits Times
https://www.straitstimes.com/life/style/lavish-trips-and-celebrity-contact-the-rise-of-the-very-important-customer-in-luxury-retail
https://www.straitstimes.com/life/style/lavish-trips-and-celebrity-contact-the-rise-of-the-very-important-customer-in-luxury-retail
The Straits Times
Lavish trips and celebrity contact: The rise of the Very Important Customer in luxury retail
Discover how luxury retail is evolving to cater to Very Important Customers (VICs) with exclusive experiences and perks to drive loyalty and revenue. Read more at straitstimes.com. Read more at straitstimes.com.
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg https://bt.sg/mBKU
The Business Times
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
Taiwanese wealth influx to Singapore sparks private banking race among local and Taiwan lenders Read more at The Business Times.
5 Cool New Cafés In Singapore To Check Out This July 2026
https://www.timeout.com/singapore/news/5-cool-new-cafes-in-singapore-to-check-out-this-july-2026-062926
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Micron Drops 8%, SanDisk Slumps 10%, Western Digital Falls 7% as Memory Stocks Pull Back With the NASDAQ
https://finance.yahoo.com/markets/stocks/articles/micron-drops-8-sandisk-slumps-152105195.html
https://finance.yahoo.com/markets/stocks/articles/micron-drops-8-sandisk-slumps-152105195.html
Yahoo Finance
Micron Drops 8%, SanDisk Slumps 10%, Western Digital Falls 7% as Memory Stocks Pull Back With the NASDAQ
Shares of Micron Technology (NASDAQ:MU) are down 8% to $1,061.44 in Wednesday morning trading, while SanDisk (NASDAQ:SNDK) stock has slid 10% to $2,051.10 and Western Digital (NASDAQ:WDC) shares have dropped 7% to $595.81. The memory group is leading a broader…
#SgMarketUpdate
Singapore stocks rise on Thursday amid mixed regional showing; STI up 1.1%
Singapore stocks ended higher on Thursday (Jul 2).
The benchmark Straits Times Index (STI) gained 1.1 per cent or 55.65 points to finish at 5,217.15.
ST Engineering : S63 +2.65% led the gainers on Singapore’s blue-chip index, rising 2.7 per cent or S$0.28 to end at S$10.84.
The worst performer among STI constituents was Sembcorp Industries : U96 -0.64%, falling 0.6 per cent or S$0.04 to close at S$6.19.
The three local banks ended higher. DBS : D05 +1.53% gained 1.5 per cent or S$1 to S$66.43, OCBC : O39 +1.7% rose 1.7 per cent or S$0.42 to S$25.08, and UOB : U11 +1.06% was up 1.1 per cent or S$0.42 at S$40.07...
Across the broader market, gainers outnumbered losers 329 to 239, after 1.4 billion securities worth S$1.6 billion changed hands.
Key regional indices were mixed. Hong Kong’s Hang Seng Index gained 0.8 per cent, Japan’s Nikkei 225 index fell 2.5 per cent, South Korea’s Kospi was down 7.9 per cent and the FTSE Bursa Malaysia KLCI advanced 0.3 per cent.
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-rise-thursday-amid-mixed-regional-showing-sti-1-1
Singapore stocks rise on Thursday amid mixed regional showing; STI up 1.1%
Singapore stocks ended higher on Thursday (Jul 2).
The benchmark Straits Times Index (STI) gained 1.1 per cent or 55.65 points to finish at 5,217.15.
ST Engineering : S63 +2.65% led the gainers on Singapore’s blue-chip index, rising 2.7 per cent or S$0.28 to end at S$10.84.
The worst performer among STI constituents was Sembcorp Industries : U96 -0.64%, falling 0.6 per cent or S$0.04 to close at S$6.19.
The three local banks ended higher. DBS : D05 +1.53% gained 1.5 per cent or S$1 to S$66.43, OCBC : O39 +1.7% rose 1.7 per cent or S$0.42 to S$25.08, and UOB : U11 +1.06% was up 1.1 per cent or S$0.42 at S$40.07...
Across the broader market, gainers outnumbered losers 329 to 239, after 1.4 billion securities worth S$1.6 billion changed hands.
Key regional indices were mixed. Hong Kong’s Hang Seng Index gained 0.8 per cent, Japan’s Nikkei 225 index fell 2.5 per cent, South Korea’s Kospi was down 7.9 per cent and the FTSE Bursa Malaysia KLCI advanced 0.3 per cent.
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-rise-thursday-amid-mixed-regional-showing-sti-1-1
The Business Times
Singapore stocks rise on Thursday amid mixed regional showing; STI up 1.1%
Across the broader market, gainers edge out losers 329 to 239 Read more at The Business Times.
Malaysia says JS-SEZ remains on track despite delay in master plan launch
https://www.businesstimes.com.sg/international/asean/malaysia-says-js-sez-remains-track-despite-delay-master-plan-launch
https://www.businesstimes.com.sg/international/asean/malaysia-says-js-sez-remains-track-despite-delay-master-plan-launch
The Business Times
Malaysia says JS-SEZ remains on track despite delay in master plan launch
Government adds that investments and project implementation continue despite the postponement Read more at The Business Times.