The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On July 1, the Dow Jones Industrial Average hit a fresh intraday record of 52,742.66 before giving back most of its gains, closing down 13 points. The S&P 500 fell 0.2%, and the Nasdaq Composite lost about 0.7% as investors took profits in semiconductor stocks following the sector's strong first-half rally. On July 2, the Dow reached a record high as a weak June jobs report fueled hopes for Fed rate cuts. However, a sharp sell-off in semiconductor stocks dragged the Nasdaq 100 lower despite the Dow's gains.