Today: 7 July 2026
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Stock Market 2 July 2026 - 3 July 2026

Snap (NYSE:SNAP) tops Nasdaq, but light trading draws more attention to revenue

Snap (NYSE:SNAP) tops Nasdaq, but light trading draws more attention to revenue

Snap Inc. climbed Thursday, bucking weakness in tech names. The stock’s fifth day up, but volume was below average. That suggests fewer buyers are jumping in during the latest move. Snap ended the day up 1.89% at $4.84, beating the Nasdaq Composite, which dropped 0.80% to 25,832.67 as chip names weighed on the index. Volume came in at 37.2 million shares, about 8.1 million below Snap’s 50-day average. The stock is still trading well under its 52-week high of $10.41.
3 July 2026
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Comcast stock in focus: CMCSA ends week higher as Jan. 29 earnings loom

Comcast Shares Pause With NBCUniversal Spin-Off Hopes Facing Broadband Concerns

Comcast Corporation eked out a small gain Thursday, ending a run of volatile sessions linked to its proposal to separate NBCUniversal and Sky from its cable arm. Shares closed at $23.79, up 0.25%, with 42.1 million shares traded according to WSJ’s quote page, over the 65-day average of 34.3 million. Comcast’s gain looked better on paper than in the tape. The stock is up 62 cents since closing at $23.17 on June 26. With about 3.56 billion shares out, that’s $2.2 billion in new equity value, even as nearly 289.8 million shares traded from June 29 to July 2.
3 July 2026
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Applied Optoelectronics (NASDAQ:AAOI) falls after $94M Houston cleanroom raises cash concerns

Applied Optoelectronics (NASDAQ:AAOI) falls after $94M Houston cleanroom raises cash concerns

Applied Optoelectronics, Inc. shares dropped Thursday. The move followed a fresh filing detailing a $94.1 million spend for a Houston cleanroom, with substantial completion scheduled by Jan. 10, 2027. AAOI finished the session at $120.95, dropping $18.05, or nearly 13%, WSJ/FactSet showed. Roughly 15.94 million shares changed hands, about a quarter more than the 65-day average. Shares traded between $113.4109 and $139.2703, a spread of $25.86 or about 21% of the closing price. The stock closed 48% under its 52-week high of $233.67 set May 13.
2 July 2026
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Johnson & Johnson (NYSE:JNJ) finishes above analyst target after Dow shift

Johnson & Johnson (NYSE:JNJ) finishes above analyst target after Dow shift

Johnson & Johnson climbed $9.06, or 3.57%, to finish at $263.04 Thursday. That's about $21.8 billion added to its market cap based on 2.41 billion shares, according to WSJ. Shares also hit $263.10, matching the stock's 52-week high. Volume came in at 7.9 million, just below the 65-day average. For investors, the key isn’t the move in one session. The issue is the current price. J&J ended the day above the average analyst target of $262.10. That puts it just $1.96 below the $265 median target. The second-quarter results are coming, and there’s less room to absorb a miss.
2 July 2026
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Amazon shares inch higher as investors watch AWS AI bets

Amazon shares inch higher as investors watch AWS AI bets

NEW YORK, July 2, 2026, 5:01 PM EDT Amazon.com Inc ticked higher late Thursday while the Nasdaq slipped. The move was modest but gave investors a clearer signal than the overall index performance. Traders looked at AWS’s newest AI-services pitch as a shot at turning big AI outlays into actual customer sales, instead of just higher data center costs. Shares last traded at $242.67, up 82 cents, or 0.34%, with 47.2 million shares changing hands. Market cap is around $2.64 trillion.
2 July 2026
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BitMine (NYSE:BMNR) stock lags behind declared crypto assets as ETH position rises

BitMine (NYSE:BMNR) stock lags behind declared crypto assets as ETH position rises

BitMine Immersion Technologies, Inc. added 1.5% late Thursday, though most of the action was in the discount. The latest stock price with MarketWatch’s share count pegs the equity at around $8.18 billion. That’s still under the $9.8 billion total BitMine said it held in crypto, cash, marketable securities, and “moonshots” as of June 28. The pricing works out to about 83 cents per $1 of reported assets before preferred equity, liabilities, taxes, and operating expenses. That’s key here—BitMine now trades less like a miner, more like a listed ETH balance-sheet play with a fresh spot in the Russell 1000.
2 July 2026
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Pfizer (NYSE:PFE) gains with 7% yield as China trial faces questions

Pfizer (NYSE:PFE) gains with 7% yield as China trial faces questions

Pfizer Inc. moved higher late Thursday, but there was too much noise in the market to call the move a clear Pfizer recovery. Shares traded at $24.37, up 2.1% for the day. The Health Care Select Sector SPDR Fund climbed 2.3%. SPY fell 0.3%. Pfizer beat SPY, but couldn't top the sector's gain. Prices are from around 19:47 UTC. Day moves are based on reported price change versus the previous close.
2 July 2026
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Axcelis (ACLS) drops $1 billion in market value, topping recent sales

Axcelis (ACLS) drops $1 billion in market value, topping recent sales

Axcelis Technologies, Inc. took a hit Thursday, dropping 18.4% to $145.50 and erasing about $1.0 billion in market cap—more than its $845.4 million in revenue from the past year. Shares fell $32.83 with 30.73 million outstanding, according to StockAnalysis. Axcelis saw its valuation drop sharply after the move. The company finished the session with a $4.47 billion market cap, pricing it at 5.3 times trailing revenue, down from around 6.5 times before shares skidded. The stock settled 16.9% lower than where it opened, ending just 2.4% above the day’s low.
2 July 2026
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Peso jumps after weak U.S. jobs data, USMCA auto rules in spotlight

Peso jumps after weak U.S. jobs data, USMCA auto rules in spotlight

The Mexican peso climbed on Thursday as the dollar slipped after a soft U.S. jobs report. But traders are looking at a split setup—short-term U.S. rate risk is down, but USMCA auto risk could ramp up later in the year. The peso was up 0.42% against the dollar in early afternoon trading in Mexico City, changing hands around 17.47 after opening close to 17.56. The currency had slipped 0.42% on Wednesday, finishing the day near 17.55, according to market data cited by Milenio.
2 July 2026
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Dow up but AI-chip slide hits Nasdaq after jobs report

Dow up but AI-chip slide hits Nasdaq after jobs report

U.S. stocks ended mixed Thursday, with losses in AI and chip names wiping out broader gains. The Dow Jones Industrial Average rose 291.82 points, or 0.56%, to 52,597.06, according to Reuters/LSEG data. The S&P 500 slipped 32.26 points, or 0.44%, to 7,450.97, and the Nasdaq Composite dropped 309.35 points, or 1.19%, to 25,730.69. Market breadth turned out to be the key metric. This wasn’t a straight risk-off session. Barron’s reported 320 S&P 500 names gained even though the index slipped. That points to AI-heavy large caps dragging the benchmark. For index fund holders, it was another reminder that a small group of tech and chip stocks can pull the whole index down, even if most stocks go up.
2 July 2026
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Dow sets new record close as Apple and Amgen help blue chips, AI stocks lag

Dow sets new record close as Apple and Amgen help blue chips, AI stocks lag

The Dow Jones Industrial Average finished Thursday at a new closing high of 52,680.29, trading between 52,395.22 and 52,805.12 during the day. That beats the last record close Tuesday at 52,319.20. The Dow added 1.55% for the week, which is short due to markets closing for July Fourth. This move didn’t show big risk appetite. It was a matter of how the Dow works. S&P Dow Jones Indices says the Dow is price-weighted, so each company’s share price matters more than its market cap. Google Finance also notes that stocks with higher prices move the index more, regardless of company size. That meant some higher-priced Dow stocks had a bigger impact, outweighing losses in AI and chips.
2 July 2026
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Marvell Technology (NASDAQ:MRVL) slips, AI data-center premium narrows ahead of holiday

Marvell Technology (NASDAQ:MRVL) slips, AI data-center premium narrows ahead of holiday

Marvell Technology, Inc. dropped 10.8% to $242.78 on Thursday afternoon, leading losses among chip stocks. Broadcom Inc., NVIDIA Corp. and the broader market also slipped as traders sold semiconductors ahead of the long U.S. market holiday. Valuation is more clear cut. Marvell posted $1.83 billion in data-center revenue for the first quarter, making up 76% of total sales. With 874.8 million shares outstanding, according to Google Finance, that puts the equity market paying roughly 29 times Marvell’s current annualized data-center run rate. At the 52-week peak, the multiple was about 39.
2 July 2026
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Figma (NYSE:FIG) spikes after Russell news and call action hits shorts

Figma (NYSE:FIG) spikes after Russell news and call action hits shorts

Figma, Inc. jumped 11.8% to $21.79 late Thursday, after a Russell index move sparked a big rally in the software name. Shares traded 31% above the stock’s 52-week low but are still down about 34% from last July’s $33 IPO price. The rally caught attention as high-growth tech stocks lagged. Reuters said the Nasdaq Composite dropped 1.54% and the S&P 500 lost 0.72% with tech falling again for a second day. Adam Sarhan, CEO at 50 Park Investments, said poor jobs numbers “takes the pressure off the Fed to raise rates in the short term.”
2 July 2026
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Super Micro Computer (NASDAQ:SMCI) wipes out $1.6B in value intraday after Taiwan letter fizzles

Super Micro Computer (NASDAQ:SMCI) wipes out $1.6B in value intraday after Taiwan letter fizzles

Super Micro Computer, Inc. gave up early gains Thursday. The stock’s initial rise faded as a relief rally tied to the Taiwan probe reversed, wiping out about $1.61 billion intraday before the final hour on the Nasdaq. The AI server stock slipped 2.8% to $26.87 as of the latest quote before the dateline. It had earlier hit $29.20, or 5.6% above Wednesday’s close, but then gave up those gains and dropped below the previous close. Shares finished the stretch 8.0% off the day’s high.
2 July 2026
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Ford (NYSE:F) slips as F-Series lot stocks face rebound test

Ford (NYSE:F) slips as F-Series lot stocks face rebound test

Ford Motor shares dropped harder than the market on Thursday after the automaker posted soft U.S. sales. But inventory may tell the bigger story. Ford ended June with 471,000 vehicles in gross stock, an amount that's 85.8% of its Q2 U.S. sales total. Traders are now focused on whether Ford can clear out those F-Series trucks in the second half without slashing prices. The report landed in normal NYSE hours. Regular trading on the exchange runs from 9:30 a.m. until 4 p.m. ET. This Friday, July 3, the market shuts down for the Independence Day holiday.
2 July 2026
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Aehr Test Systems stock slides as Russell deletion and rich AI orders math collide

Aehr Test Systems stock slides as Russell deletion and rich AI orders math collide

Aehr Test Systems, Inc. dropped sharply on Thursday, with the small-cap semiconductor test equipment maker trading down about 21% at $66.74 as of the latest available data near 1:50 p.m. EDT. The stock opened at $84.20, rose as high as $87.51, then fell as low as $66.38, a 24% high-to-low break in the same session. The selloff was far heavier than the broader tape. Invesco QQQ Trust was down about 2.3%, while iShares Russell 2000 ETF was off about 1.3%, based on the same latest quote set.
2 July 2026
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MARA Holdings (NASDAQ:MARA) shares slip as bitcoin gains can’t boost miner

MARA Holdings (NASDAQ:MARA) shares slip as bitcoin gains can’t boost miner

MARA Holdings, Inc. fell Thursday while bitcoin moved up. The split made the stock more tied to miner and data-center risk instead of tracking the coin directly. Shares fell 8.4% to $12.25. The stock hit $14.08 earlier, leaving it down 13.0% from the session high. About 33.7 million shares traded, with the most recent trade posted at 17:46 UTC, around 1:46 p.m. New York time.
2 July 2026
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Intuitive Surgical (NASDAQ:ISRG) gains $6.9 billion in run-up to Q2, but gap on value sticks

Intuitive Surgical (NASDAQ:ISRG) gains $6.9 billion in run-up to Q2, but gap on value sticks

Intuitive Surgical, Inc. shares rose Thursday, but the bounce did little to mend losses racked up from January through July. The robotic-surgery name was up 4.7% at $421.42 as of 1:46 p.m. EDT, after opening at $409.81 and hitting $423.30 at the high. The stock last closed at $402.38. MarketWatch reported on Wednesday that Intuitive was 33.37% off its 52-week high of $603.88 from Jan. 7. With Thursday's price, the gap narrowed to about 30.2%. That still leaves about $65.6 billion in market cap below the January top, based on the latest price and quoted market value.
2 July 2026
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Treasury Cash Needs Combine With RRP Drop, Raising New U.S. Market Risk

Treasury Cash Needs Combine With RRP Drop, Raising New U.S. Market Risk

The risk that’s not getting much talk in U.S. markets ahead of the holiday is the thin cash buffer under Treasuries. The Fed’s overnight reverse repo facility took in just $2.175 billion on Thursday. Treasury’s cash balance was $919.14 billion as of June 30. Based on the latest figures, the RRP pad is just 0.24% of Treasury cash. This isn’t a stress print alone. It’s just a soft setup. The Treasury is about to boost its cash pile and push more bills, and bank reserves are already down on the week in the latest Fed data. Even a small move in funding rates can spill into stocks through yields and leverage.
2 July 2026
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Wall Street money moved out of AI chips and into defensives after soft jobs data

Wall Street money moved out of AI chips and into defensives after soft jobs data

Investors rotated money out of AI hardware plays and into defensive stock funds Thursday. The Dow ended about flat, but the Nasdaq showed more pain beneath the surface. Same-day ETF fund-flow numbers were not out. ETF.com says the data usually arrives the following day, and there’s no way to see flows intraday. The live tape proxy—price times volume—pointed to selling in chip and tech funds. Healthcare, staples, utilities and banks drew buyers.
2 July 2026
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