On July 2, 2026, stock markets showed mixed results following the June jobs report, where the U.S. added 57,000 jobs, significantly below economists' expectations. The Dow Jones Industrial Average achieved a record close, rising 1.1% to 52,900 points, while the Nasdaq fell by 0.8%. The report prompted expectations that the Federal Reserve may hesitate to increase interest rates, leading to a decrease in Treasury yields. Oil prices rose slightly, while Asian markets, particularly in Seoul and Tokyo, experienced declines, heavily influenced by significant losses in tech stocks. Additionally, the Japanese yen strengthened, with traders anticipating possible government interventions due to currency fluctuations.

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Stock Market Today: Dow Rises, Nasdaq Falls After June Jobs Report

Blue-chip average finishes at record as investors reduce rate-hike expectations

Created with Highcharts 9.0.1Stock-index performanceSource: FactSet

Created with Highcharts 9.0.1June 29July00.51.01.52.02.53.03.54.0%NasdaqDowS&P 500

The Dow industrials rallied to a record after June jobs data pointed to slower-than-expected growth in the labor market.

In a mixed day for the broader market, technology stocks fell, pushing the Nasdaq composite lower in the last session before the long holiday weekend.

The U.S. added 57,000 jobs in June, down from May and roughly half the 115,000 jobs that economists expected to see added. Two-year Treasury yields slipped as investors took it as a sign the Federal Reserve could be more reluctant to raise interest rates; the dollar also weakened.

The Dow rose 1.1%, or 595 points, to close at a record 52900. The Nasdaq fell 0.8%, while the S&P 500 was essentially flat. All three were up more than 1.7% for the week. Oil prices edged higher, with Brent crude futures closing at $71.80 a barrel.

Earlier today, stock markets in Seoul and Tokyo took a beating. Kioxia, which has gone from little-known memory-chip maker to Japan's highest-valued company, tumbled 13%.

The yen strengthened against the dollar. Traders are on alert for possible intervention by Japanese authorities to support the currency, which fell to 40-year lows this week.

🔎 Dig deeper with our daily market wrap or listen to the WSJ Minute Briefing podcast.

— By Joe Wallace

Correction: Stocks were mixed Thursday after the jobs report. An earlier version of this post said they were mixed on Friday.

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