Market Snap Shot, Friday, 3 July 2026

📊 U.S. Markets (Thursday, July 2, 2026)

• Dow Jones: ▲ 594.83 pts (+1.14%) → 52,900.07 (record high)
• S&P 500: ▲ 0.01 pts (flat) → 7,483.24
• Nasdaq Composite: ▼ 207.36 pts (-0.80%) → 25,832.67
• 10-Year Treasury Yield: ↑ 1 bp → 4.485%

Drivers:

• Lukewarm U.S. jobs report cooled expectations of imminent Fed rate hikes.
• Regional activity gauges signalled economic expansion in June.
• Tech weakness weighed on Nasdaq, while defensives and cyclicals supported the Dow.

🇪🇺 European Markets (Thursday, July 2, 2026)

• Stoxx 600: ▲ 1.4% → record close

Sector moves:

• Defensives (food, household goods) outperformed.
• AI-related stocks dragged but broad gains lifted the index.

🌏 Asia-Pacific Markets (Friday, July 3, 2026)

• Mixed trading as investors rotated out of tech, following U.S. declines.
• Tencent: ▲ 1.63% (Hong Kong)
• Brent Crude: ▲ $0.17 (+0.63%) → $72.25/bbl
• Gold: ▲ 1.35% → $4,178/oz
• USD/ZAR: 16.20

🔮 Futures

• U.S. futures: Pointing higher (markets closed today for Independence Day holiday)
• European futures: Higher