empty
02.07.2025 12:48 PM
Update on US stock market on July 2. SP500 and NASDAQ enjoy buoyant demand

At the close of trading yesterday, US stock indices ended the day mixed. The S&P 500 declined by 0.11%, while the Nasdaq 100 fell by 0.82%. In contrast, the Dow Jones Industrial Average rose by 0.91%.

This image is no longer relevant

Today, markets traded fairly well, bouncing back after yesterday's minor correction. Futures on the S&P 500 rose by 0.2%, while European futures gained 0.5%. Asian indices remained largely flat, trimming most of their earlier losses. The Nikkei-225 Stock Average slipped 0.5% after former President Trump threatened to raise tariffs on Japan and intensified criticism over the country's refusal to accept US rice exports. The US dollar index stabilized, hovering near the three-year low reached on Tuesday.

Investors continue to closely monitor economic data and trade tensions after Trump stated he would not delay the July 9 deadline for imposing higher tariffs on US trading partners. This announcement caused only a mild wave of concern in financial markets, though escalating trade wars could undermine global economic growth and result in substantial losses for companies heavily reliant on international trade. Economists have repeatedly warned that further deterioration in trade relations could lead to slower growth, higher inflation, and reduced investment.

However, stock markets—once highly sensitive to trade-related headlines—no longer seem to perceive significant risk. The relative calm is supported by expectations that Trump may eventually extend the tariff deadline, following his usual pattern of threatening before pulling back.

Economists forecast that the June jobs report, due today (Thursday), ahead of the July 4th holiday on Friday, will show a slowdown in job creation to around 110,000 new positions, down from 139,000 the previous month. The unemployment rate is expected to rise to 4.3%. This could have a cooling effect on the stock market.

For the Federal Reserve, which is still assessing the potential inflationary impact of tariffs, any notable deterioration in the labor market would likely increase pressure to cut interest rates—a move that would be favorable for equities. Therefore, a sharp sell-off in indices is unlikely.

This image is no longer relevant

On the commodities market, gold continued its upward trend after a 2% gain over the previous two sessions, while oil prices stabilized during Wednesday's trading.

Technical outlook for the S&P 500

Today, the key objective for buyers will be to break through the nearest resistance at 6,223. A move above this level would support further gains and open the door to a potential rally toward 6,234. Another priority for bulls will be securing control above 6,245, which would further strengthen the buyers' position. If risk appetite weakens and the market moves lower, buyers must assert themselves around the 6,211 area. A break below this level would likely send the index back to 6,200 and possibly further down to 6,185.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Pavel Vlasov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Stock market on July 28: S&P 500 and NASDAQ set fresh all-time highs

Last Friday, US stock indices closed higher. The S&P 500 rose by 0.40%, while the Nasdaq 100 added 0.20%. The Dow Jones Industrial Average strengthened by 0.47%. The record-breaking rally

Jakub Novak 09:29 2025-07-28 UTC+2

July 25 Stock Market Update: S&P 500, NASDAQ pause after rally

As of July 25, US equity indices posted a mixed performance. The S&P 500 edged up by 0.07%, while the Nasdaq 100 gained 0.17%. The Dow Jones Industrial Average slipped

Jakub Novak 11:17 2025-07-25 UTC+2

Trump strikes deal with Japan — and other key headlines shaping your portfolio

Markets are bracing for a new wave of disruption: Trump seals a tariff deal with Japan, Apple dodges multimillion-dollar fines, Amazon challenges Meta and OpenAI, and AstraZeneca builds a pharma

Аlena Ivannitskaya 13:14 2025-07-23 UTC+2

Update on US stock market on July 23: SP500 and NASDAQ recoup all earlier losses

As of yesterday's close, US stock indices ended mixed. The S&P 500 rose by 0.06%, while the Nasdaq 100 fell by 0.39%. The industrial Dow Jones gained 0.40%. The record-breaking

Jakub Novak 09:27 2025-07-23 UTC+2

Update on US stock market on July 22. SP500 and NASDAQ sharply down

US stock indices closed mixed yesterday. The S&P 500 rose by 0.14%, and the Nasdaq 100 gained 0.38%. However, the industrial Dow Jones dipped by 0.04%. Today, Asian stocks declined

Jakub Novak 09:54 2025-07-22 UTC+2

High-profile elections in Japan and three important signals for traders

Markets are once again in a state of turbulence. The Japanese yen is fluctuating wildly following the political collapse of Prime Minister Shigeru Ishiba's coalition, which has deepened uncertainty

Аlena Ivannitskaya 12:43 2025-07-21 UTC+2

US stocks end week higher

S&P 500 Overview for July 21 The US market ended the week with gains Major US indices on Friday: Dow -0.3%, NASDAQ +0%, S&P 500 +0%, S&P 500 at 6,297

Jozef Kovach 09:30 2025-07-21 UTC+2

Update on US stock market on July 18. Investors overwhelmed by optimism. SP500 above 6,300

S&P500 Snapshot of major US stock indexes on Thursday Dow +0.5%, NASDAQ +0.7%, S&P 500 +0.5%, S&P 500 closed at 6,297, trading in a range of 5,900 to 6,400

Jozef Kovach 12:48 2025-07-18 UTC+2

Stock market on July 18: SP500 and NASDAQ continue their rally

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.54%, while the Nasdaq 100 added 0.75%. The industrial Dow Jones strengthened by 0.52%. Today

Jakub Novak 12:02 2025-07-18 UTC+2

Update on US stock market on July 17: key stock indices consolidating below their highs

S&P500 Snapshot of major US stock indices on Wednesday Dow +0.5%, NASDAQ +0.3%, S&P 500 +0.3%, S&P 500 closed at 6263, trading in a range of 5,900 to 6400

Jozef Kovach 13:03 2025-07-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.