Swingfolio Daily
ASX briefings — Thursday 2 July 2026
Morning setup and afternoon close recap for Thursday 2 July 2026. Observations only — no trade advice.
Thursday 2 July 2026
ASX 200 set to open 0.3% lower as a memory-chip selloff hits Wall Street tech
Australian shares are set to open 0.3% lower on 2 July 2026, with SPI 200 futures at 8,687 tracking a Wall Street session where a memory-chip selloff sent Micron and SanDisk down more than 10% each and the Nasdaq off 0.66%. Meta rose 8.81% and held the S&P 500 to a 0.22% loss. Gold, oil and iron ore all fell overnight and the AUD slipped to 0.6896, leaving resources and banks with a weak lead.
ASX 200 closes flat at 8,724.5 as gold and a NAB upgrade offset a consumer selloff
The S&P/ASX 200 edged up 0.02% to 8,724.5 on 2 July 2026. A Bank of America upgrade lifted NAB 3.8% and the financials sector 1.17%, while a 3.4% gold-miner rebound offset a Goldman Sachs downgrade to Wesfarmers, a 5.4% fall in Origin Energy and a data-centre selloff led by NextDC. Decliners led advancers 159 to 123.