Market Report, 2026-07-02

While stocks slid in the last two trading sessions, they still ended this week in the green as the tremendous rally at the beginning of the week overshadowed the declines. Chipmakers performance were the center of the attentions as they have become increasingly volatile because of intensifying actions on both bull and bear sides of the thesis. Nearly all gauges of semiconductor stocks swung wildly on both directions this week.

All major indices rose nearly 2% from last Friday. Most sectors ended the week in the green with some sectors rising nearly 3%.

Economic data also brought volatility in the market. While Tuesday’s job openings showed a significant increase in jobs, Wednesday's private payroll and today’s employment report showed significantly lower hiring than expected. The labor participation rate also took another deep dive, showing that some job seekers exited the labor market. As a result, the decline in unemployment rate was not seen as good news.

Nevertheless, most stocks rallied as investors expect the Federal Reserve to be less aggressive in monetary tightening as previously expected. The bond market did post some losses. The 5-year US Treasury yield rose 10 basis points this week to 4.23% and the 10-year yield rose 11 basis points this week to 4.49%.

With our greatest nation coming to celebrate its 250th birthday, the stock market will be closed tomorrow in observation of the federal holiday. As we see the rockets’ red glare at the Logan City Independence Day fireworks display tomorrow, it’ll give proof through the night that our flag was still there.