Swingfolio Daily — US Markets
US briefings — Thursday, July 2, 2026
Pre-market setup and closing-bell recap for Thursday, July 2, 2026. Observations only — no trade advice.
Thursday, July 2, 2026
US Pre-Market July 2, 2026: Futures Flat Before the June Jobs Report as Memory Chips Drag Asia
US equity futures were flat on July 2, 2026 with S&P 500 futures up 0.11%, as traders awaited June nonfarm payrolls (consensus near 110,000) at 8:30am ET. Overnight a memory-chip selloff sent South Korea's KOSPI down 7.89% and Japan's Nikkei down 2.47%, while European equities rose.
US stocks split as the Dow hits a record and chip-equipment stocks sink: Dow +1.14%, Nasdaq -0.80% on July 2, 2026
US stocks split on July 2, 2026. The Dow rose 1.14% to a record 52,900 and eight of 11 sectors gained as soft June payrolls (57,000 versus 110,000 expected) bid up defensives, while the Nasdaq fell 0.80% on a semiconductor-equipment selloff that took Axcelis down 18.97% and Teradyne 13.63%. Apple rose 4.84% and held the S&P 500 flat; Tesla fell 7.49% despite a delivery beat.