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Federal Reserve 18 June 2026 - 2 July 2026

Gold slips under $4,000 with traders watching Fed signals

Gold price tops $4,100 after U.S. jobs data revisions fuel Fed-rate hopes

Gold jumped past $4,100 on Thursday after the latest U.S. payrolls data pointed to a softer labor market than markets had been expecting. The headline was a 57,000 job gain for June, but the Bureau of Labor Statistics cut April and May’s numbers by a combined 74,000, so the revisions wiped out more jobs than were added last month. Economists in the Reuters poll were looking for a 110,000 increase. Spot gold climbed 2.4% to $4,126.97 an ounce as of 9:00 a.m. EDT. U.S. gold futures gained 1.4% to $4,139.20. The dollar index dropped 0.7%.
June jobs data 2026: Falling labor force hides soft hiring, affects Fed outlook

June jobs data 2026: Falling labor force hides soft hiring, affects Fed outlook

June’s U.S. jobs numbers were soft on the surface, but some market action might be in the details. Labor supply dropped sharply and leisure hiring slowed down. Headline payroll growth came in under the BLS’s unofficial bar for a solid monthly read. Nonfarm payrolls increased by 57,000 in June, the Labor Department reported. Revisions showed April and May were lower by a net 74,000. May’s figure dropped to 129,000 from 172,000. Reuters had forecast 110,000 jobs. The jobless rate ticked down to 4.2% from 4.3%.
Bank of America (NYSE:BAC) trades near highs as Fed stress test details leave investors watching payout schedule

Bank of America (NYSE:BAC) trades near highs as Fed stress test details leave investors watching payout schedule

Bank of America Corporation heads into a short U.S. trading week trading just under its all-time high, and the dividend question hasn’t been settled. The New York Stock Exchange will be shut July 3 for the Independence Day holiday, with normal trading running 9:30 a.m. to 4 p.m. Eastern. The stock finished Friday at $57.88, down 0.53%. It opened the session at $58.54 and moved in a range from $57.44 to $58.63. About 48.76 million shares traded, roughly 35% more than the 65-day average. In after-hours, the stock was quoted at $58.05.
US PCE for May 2026: prices outpace real spending, Fed hike risk up

US PCE for May 2026: prices outpace real spending, Fed hike risk up

U.S. consumers paid more in May, but higher prices drove most of the increase rather than people buying more. That has equity investors watching demand as they try to gauge whether earnings will hold up with inflation rising again. Commerce reported personal income climbed $181.6 billion, or 0.7%, in May. Disposable income was up $164.9 billion, and spending gained $156.1 billion, also a 0.7% rise. Real personal consumption expenditures, which strip out inflation, increased $43.8 billion, or 0.3%. Saving rate hit 3.0%. The PCE price index posted a 0.4% gain in May and 4.1% over the year. Core PCE, which excludes food and energy, was up 0.3% for the month and 3.4% on the year.
Gold slips under $4,000 with traders watching Fed signals

Gold slips under $4,000 with traders watching Fed signals

Gold dropped to its lowest in over seven months on Wednesday, slipping under $4,000 an ounce for a short stretch as the dollar gained and traders bet the Fed might raise rates again this year. Spot gold dropped 2.1% to $4,021.99 an ounce by 1405 GMT. U.S. gold futures were down 2.6% at $4,039.30. Gold slipped after the Fed kept rates steady last week and said inflation is still above its 2% target, blaming higher energy prices. Traders say a hawkish Fed—meaning it’s more likely to keep rates elevated or hike them—tends to weigh on gold, since bullion doesn’t pay interest.
Nasdaq edges lower in after-hours as AI chip fall spurs margin chatter

US stocks open higher with Micron earnings in focus, traders eye Fed

Stocks pushed higher in the U.S. on Wednesday, with the S&P 500 up 0.44%, the Nasdaq gaining 0.39%, and the Dow rising 0.53% in late-morning trading, Reuters reported, citing market data delayed at least 15 minutes. Consumer discretionary and healthcare names were strong, but energy slipped after oil prices moved lower. S&P 500 and Nasdaq swung around after falling two sessions in a row. Tech stocks traded mixed ahead of Micron Technology’s earnings, which come out after the bell. Traders are watching the release for signs about AI demand and data center costs. “Micron’s earnings this time are central to market sentiment,” said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company.
BofA trades close to record ahead of Fed stress test week

BofA trades close to record ahead of Fed stress test week

Bank of America Corp shares start the week a touch below year highs. BAC last traded at $56.20 on Thursday, off 0.58% for the session. The stock had closed at $56.84 Tuesday and hit $57.98 Wednesday. Markets were closed Friday for Juneteenth. That’s relevant now as bank investors face two things: a more hawkish Federal Reserve, and the Fed’s comments on big-bank strength when it posts its yearly stress-test results Wednesday. Stress tests are regulatory checks where a severe recession is modeled to see if banks have the capital to keep lending.
Mortgage rates fall to 6.47% as Iran deal relief meets Fed, Hormuz risks

Mortgage rates fall to 6.47% as Iran deal relief meets Fed, Hormuz risks

U.S. mortgage rates fell to their lowest level in more than a month, giving homebuyers a small break as markets tried to price a tentative U.S.-Iran peace framework and the chance that energy-driven inflation pressure may ease. The move was modest. In housing, modest now counts. The decline matters because the spring selling season is still running through a high-rate market. Existing home sales have been stuck near a 4 million annual pace, below a long-run norm closer to 5.2 million, while buyers remain sensitive to even small moves in monthly payments.
US financial shares look to Fed stress tests after volatile week

US financial shares look to Fed stress tests after volatile week

Fed stress-test results to drive U.S. bank stocks in coming week Results from the Federal Reserve’s annual stress test will likely steer U.S. financials this week after the group eked out a small advance in the holiday-shortened session. The Fed is set to release results for 32 major banks on Wednesday at 4 p.m. EDT. The exercise won’t affect banks’ capital requirements this time. But for investors, it gives a new look at balance-sheet strength as the Fed shifts focus to inflation and the personal consumption expenditures price index, which lands Thursday.
Chip Rally Breaks as Nasdaq Faces Tight Labor Market

Nasdaq gets boost from AI chip stocks; Fed rate question stays in focus

U.S. stocks ended the short week higher. Chip names bounced on AI strength, wiping out losses after midweek Fed jitters hit the market on talk of more rate hikes. Volatility is up in the market. Investors keep buying growth linked to artificial intelligence, with semiconductors in focus, while the Fed holds firm on rates and inflation worries. The central bank left the federal funds rate unchanged at 3.50% to 3.75%, sticking with the current overnight rate across the economy. Fed officials said inflation remains a problem, citing energy costs.
Dow Jones Pauses for Juneteenth Holiday After Weekly Gain

Dow Jones Pauses for Juneteenth Holiday After Weekly Gain

Dow Jones trading stopped on Friday, as the New York Stock Exchange and Nasdaq remained closed for Juneteenth. The index’s last value held at Thursday’s close of 51,564.70, up 72.15 points, or 0.14%. The Dow heads into the long weekend in positive territory, but it’s not leading. The blue-chip index gained 0.71% this week. That lags the S&P 500, which added 0.93%. The Nasdaq posted a much bigger 2.43% jump. Investors kept bidding up tech and AI stocks instead of industrials.
US stocks finish up as chip shares surge and oil falls

US Stocks Pause for Juneteenth After Chip-Led Rally; Fed, Micron Earnings Loom

U.S. stock trading was paused Friday for Juneteenth, leaving Wall Street to sit with a chip-led rebound that steadied the market after a midweek Federal Reserve jolt. The latest cash close showed the S&P 500 up 80.48 points at 7,500.58, the Nasdaq Composite up 496.28 points at 26,517.93 and the Dow Jones Industrial Average up 72.15 points at 51,564.70. That matters now because the rally has two engines, and they are not fully aligned. Artificial-intelligence demand is still pulling money into chip and infrastructure names, but the Fed has pushed investors back toward the idea that borrowing costs may rise rather than fall. The next cash session will open with that tension still in place.
Dow Ends Up as Chips Gain, Lower Oil Prices Offset Fed Jitters

Dow Ends Up as Chips Gain, Lower Oil Prices Offset Fed Jitters

Dow ends up on Thursday, bouncing after Wednesday’s selloff. Chip stocks rallied. Lower oil prices also supported gains. The calendar played a role. This was the final full session for U.S. cash equities ahead of Friday's Juneteenth holiday, so traders were left to manage quick swings in energy prices, fresh demand for tech, and a Fed reminder that inflation isn’t done. The NYSE marks Juneteenth National Independence Day as a market holiday on Friday, June 19 in 2026.
US stocks finish up as chip shares surge and oil falls

US stocks finish up as chip shares surge and oil falls

Nasdaq led gains as U.S. stocks finished up on Thursday. Chipmakers rallied, and oil pulled back after an early U.S.-Iran deal took some heat off inflation worries. S&P 500 closed at 7,499.77, up 1.07% for the day. Nasdaq Composite climbed 1.48% to finish at 26,406.98, a gain of 385.32 points. Dow Jones Industrial Average added 180.25 points, or 0.35%, to end at 51,672.80, MarketWatch data showed.
TSMC trades close to highs before holiday as Taiex rides AI wave

TSMC trades close to highs before holiday as Taiex rides AI wave

Taiwan Semiconductor Manufacturing Co. headed into the Dragon Boat Festival holiday trading at record highs in Taipei. Its U.S.-listed ADR kept moving higher too, with buyers staying focused on AI chip-linked shares. The timing is key since TSMC makes up over 40% of Taiwan’s market cap. Its rise on Thursday put about 200 points on the Taiex benchmark, according to Focus Taiwan.
Mortgage rates drop as Iran deal sends yields lower; Fed caution limits move

Mortgage rates drop as Iran deal sends yields lower; Fed caution limits move

Mortgage rates in the U.S. edged lower this week after a U.S.-Iran deal helped cool oil and bond markets. Freddie Mac on Thursday put the average 30-year fixed rate at 6.47%, down five basis points from last week’s 6.52%. A year ago that rate was 6.81%. Timing is key with buyers heading into the summer housing market strapped for cash and unable to budge much. Mortgage rates tend to follow the 10-year Treasury yield, which dropped to around 4.44% Thursday after sitting at 4.53% last week. Markets cut some geopolitical risk.
AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Chips push Wall St higher, oil’s slide softens Fed hit

Chip stocks boosted Wall Street late Thursday morning, with U.S. indexes moving up as oil prices fell and some inflation worries cooled despite a firmer tone from the Federal Reserve. The Dow Jones Industrial Average added 0.36% at 11:23 a.m. ET, while the S&P 500 was up 0.91%. The Nasdaq Composite climbed 1.25%. Wednesday’s drop in stocks got traders’ attention, since it wasn’t minor and didn’t look like a blip. Stocks fell after the Fed left rates unchanged but suggested a possible rate hike ahead. When markets call a signal “hawkish,” they mean the Fed could push rates higher to deal with inflation.
Did the New York Times Really Unmask Satoshi Nakamoto? Adam Back Denies Bitcoin Founder Claim as Doubts Persist

Bitcoin Nears $64,000 on Return of Fed Rate-Hike Concerns

Bitcoin dropped toward $64,000 on Thursday, losing most of its recent gains after the Federal Reserve indicated that U.S. interest rates might increase. The CoinDesk 20 Index, which tracks major digital assets, fell over 1.2%. The reversal is important because bitcoin briefly hit over $67,000 earlier this week after a temporary U.S.-Iran deal eased worries about oil supply and pushed investors toward riskier assets. The recent pullback shows that this geopolitical easing hasn’t led to lasting demand for crypto.
XRP Price Rally Just Hit a Wall—Why $1.46 Now Matters

XRP Falls Under $1.20 as Fed Boosts Dollar

XRP dropped below $1.20 on Thursday as investors reduced crypto holdings after the Federal Reserve indicated U.S. borrowing costs might increase later this year. The token traded around $1.17, down as much as 3.9% over the previous 24 hours earlier in the session. The break is significant because $1.20 had held as support after XRP bounced from the $1.11-$1.15 zone last week. Intense selling pushed it below that level, though buyers managed to slow the drop around $1.1750. A move back above $1.20 could stabilize the market; if it falls below $1.1750 and stays there, $1.15 could come into play again.
Dow Futures Edge Up as Oil Drops, Traders Watch Fed Rate Moves

Dow Futures Edge Up as Oil Drops, Traders Watch Fed Rate Moves

Dow futures bounced early Thursday, regaining some ground after sliding on the Fed on Wednesday. Cheaper oil and a rally in chip names helped the mood ahead of the final U.S. trading day this week. The shift is drawing attention as the blue-chip index has just pulled back from another volatile session near its all-time highs. The Dow finished at 51,492.55 on June 17, after ending at 51,999.67 the day before, according to data from the Federal Reserve Bank of St. Louis using S&P Dow Jones Indices figures.
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Stock Market Today

  • UAE Shares Finish Up; IHC Gains on India Aluminium Plan
    July 3, 2026, 9:33 AM EDT. UAE stocks ended the day higher on Friday as global equities climbed. Investors saw some relief after weaker U.S. jobs data eased pressure for a near-term Fed rate hike. Investment Holding Group (IHC) stock moved up after its latest aluminium move in India. Market mood stayed watchful with mixed data in play and global headlines in focus.
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