US week in review — Saturday, July 4, 2026

S&P 500 ends holiday week +1.8% on soft jobs; memory chips and Bitcoin miners slump

US stocks rose in the holiday-shortened week to July 2, 2026: S&P 500 +1.8%, Nasdaq +2.1%, and the Dow +2.0% to a record 52,900, after June payrolls slowed to 57,000 and firmed the case for the Fed to hold. A memory-chip selloff hit Micron, Sandisk and Kioxia, and Bitcoin miners fell about 22% as Bitcoin slipped below $60,000. Abivax led at +48% on Phase 3 data.