Stock Market Update
02-Jul-26 10:05 ET
Stocks open to broad strength
Dow +300.49
at 52605.73,
Nasdaq +207.33
at 26268.36,
S&P +52.54
at 7535.77
[BRIEFING.COM] The S&P 500 (+0.7%), Nasdaq Composite (+0.8%), and DJIA (+0.6%) opened to broad gains, with the DJIA notching another all-time high.
Nine S&P 500 sectors trade higher, with each holding a gain of 0.5% or wider. The energy sector (+1.2%) leads the advance despite WTI crude oil slipping below $68 per barrel.
The information technology sector (+1.2%) is also moving higher this morning, with Palantir Technologies (PLTR 131.68, +5.96, +4.74%) once again leading a strong early showing from software names, while the PHLX Semiconductor Index (+0.9%) rises off of yesterday's lows.
Weakness is limited to the communication services (-0.1%) and consumer discretionary (-0.4%) sectors, as some of their mega-cap components move lower after sharp gains yesterday.
Just released, factory orders decreased 1.3% month-over-month in May (Briefing.com consensus: 1.5%) following an upwardly revised 5.3% increase (from 4.8%) in April.
