Market Report, 2026-06-30

The stock market pushed higher for another day, with technology stocks experiencing a significant rebound. The May Job Openings and Labor Turnover Survey (JOLTS) showed job openings were little changed from the prior month, suggesting that labor demand remained stable alongside a recent pickup in payroll growth. If job growth holds steady and establishes a trend, the long-discussed "low-hire, low-fire" labor market could begin to thaw, making the economy more resilient. Meanwhile, falling gas prices have also helped lift consumer sentiment modestly.

All major stock indices ended the day higher. The Dow Jones Industrial Average, a historically blue-chip stock index, gained 135 points to close at 52,318, reflecting its relatively defensive composition. The NASDAQ rose 1.52% to 26,214, while the S&P 500 gained 0.78% to 7,499. The technology sector led today's rally, advancing nearly 3%. Other AI-related stocks also posted strong gains, with electrical grid infrastructure providers rising nearly 2%. Nevertheless, the rally was not broad-based, as most other sectors finished the day in negative territory.

Given the risk-on nature of today's market rally, investors also shifted away from safe-haven assets such as U.S. Treasuries. Both the 5-year and 10-year Treasury yields rose 7 basis points, ending at 4.21% and 4.45%, respectively.

The Chicago regional business survey also came in better than expected, pointing to significant expansion in business activity. Overall, today's economic data suggest the U.S. economy is healthier than previously anticipated. We will receive another important indication of the economy's strength tomorrow with the release of the manufacturing survey results.

This is Adams Wealth Advisors, and thank you for listening.