Nasdaq ends lower with tech; investors assess softer jobs data
By Caroline Valetkevitch and Niket
Nishant
Thu July 2, 2026
It was a second day of sharp declines in tech, today being written off as profit-taking after such a long run of gains. Only about half the number of expected new jobs materialized which was greeted as good news on inflation and a possible stay of execution on the Fed raising rates. Odds of a rate hike decreased from 64 to 55%.