US Stock Market Daily Report

2026-07-01  |  S&P 500, Nasdaq, Dow Jones + Sector ETFs

US Stock Market Daily Brief — 2026-07-01

Markets Rally Broadly as Tech Leads the Charge. The S&P 500 surged +1.80% with the Nasdaq Composite outperforming at +3.19%, driven by strength in technology and healthcare sectors. Treasury yields rose on jobs data, while the Japanese yen hit a 40-year low.

Index Performance

Symbol Current Prev Close Day Change 5-Day Perf Period
SPY 746.77 733.58 ▲ +1.80% +1.85% 06/24–06/30 QQQ 736.4 713.65 ▲ +3.19% +3.63% 06/24–06/30 DIA 522.39 516.62 ▲ +1.12% +0.75% 06/24–06/30 IWM 300.45 295.32 ▲ +1.74% +1.27% 06/24–06/30

Sector ETF Tracker

Symbol Current Prev Close Day Change 5-Day Perf Period
XLK 190.52 184.19 ▲ +3.44% +4.08% 06/24–06/30 XLF 53.61 53.88 ▼ -0.50% -0.20% 06/24–06/30 XLE 53.11 54.46 ▼ -2.48% -0.86% 06/24–06/30 XLV 158.66 152.18 ▲ +4.26% +3.46% 06/24–06/30 XLY 117.28 113.76 ▲ +3.09% +1.92% 06/24–06/30

Top Performer: XLV (+4.26%) — Worst: XLE (-2.48%)

Top Market News

Cleveland Fed President Hammack says AI could fuel inflation, rate hikes may be necessary

[Full article at CNBC](https://www.cnbc.com/2026/06/30/cleveland-fed-president-hammack-sees-ai-fueling-inflation-says-rate-hikes-may-be-necessary.html)...

Ex-Google recruiter: The No. 1 resume 'red flag' that makes hiring managers stop reading—and how to fix it

When you talk about your work in a resume, you know exactly what your team accomplished, why the project mattered and what the results meant. But the recruiter looking at your resume has none of that context. They have about six seconds to scan your application — and hundreds of others waiting. For over a decade, I've worked as a recruiter at major companies like Google, TikTok, Uber and The New York Times. The biggest resume mistake I see is writing for the one person who already knows your story: you....

After a soft Nike quarter, we have a big decision to make on the stock

Nike shares slipped Tuesday evening despite the company posting better-than-expected quarterly results. Our patience is running thin on this turnaround story. Total revenue in the company's fiscal 2026 fourth quarter dipped 1% year over year at $10.97 billion, topping Wall Street expectations of $10.86 billion, according to analyst estimates compiled by LSEG. Earnings per share (EPS) increased 42% from the year-ago period to 20 cents, beating the consensus of 13 cents, LSEG data showed. That figure does not include a 52-cent benefit to EPS from the expected recovery of the IEEPA tariffs — the levies overturned by the Supreme Court earlier this year. NKE YTD mountain Nike YTD The roughly 2% drop after-hours in shares Tuesday is sending Nike to roughly $40 per share. The stock is down a...

Key Market Themes

Looking Ahead

Markets enter the second half of 2026 with tech momentum as a dominant theme. Upcoming inflation data and Fed speaker commentary will be key catalysts to watch. The AI-inflation debate (per Cleveland Fed President Hammack's recent comments) remains a critical cross-current for rate expectations.

Sources: Yahoo Finance, CNBC. Data as of market close 2026-07-01.