Nasdaq ends lower with tech; investors assess softer jobs data

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%.  

This boosted the Dow considerably with an almost 600 point gain which, as is usually the case, tech’s losses are industrial’s gains, the Dow achieving another record, a fourth straight week of gains, and its longest streak since October 2024. Though the Nasdaq lost considerably, the S&P was able to recoup all of its losses and break-even at close. Volume remains well below the 4-week average of 23.34 billion, closing today at 19.92 billion. 

DJ: 52,305.24  -13.96         NAS: 26,040.03  -173.69        S&P: 7,483.23  -16.13             7/1

DJ: 52,900.07  +594.83      NAS: 25,832.67  -207.36        S&P: 7,483.24  +0.01              7/2

Thu 7-2-26 4:10 pm Nasdaq ends lower with tech; investors assess softer jobs data | Reuters