July 2, 2026
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9:31Now PlayingComprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Norah Mulinda, and Tim Stenovec.
A sharp slowdown in the US jobs market spurred gains in most stocks on Wall Street amid speculation the Federal Reserve won’t be forced to raise interest rates any time soon.
The Dow Jones Industrial Average climbed 1.1%, hitting all-time highs. While those wagers lifted the vast majority of shares in the S&P 500, the index closed little changed amid a slide in chipmakers. Short-dated Treasury yields fell as money markets dialed back expectations of a Fed hike in coming months. The dollar slid against all developed-world currencies.
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