New York, July 1, 2026, 12:02 EDT
- Dow is up in late midday trading data, S&P 500 also up, but Nasdaq trades lower.
- Dow stayed about 0.4 percentage point ahead of Nasdaq from the morning drop through midday.
- Salesforce and Nike took over from Walmart and Caterpillar as Dow leaders as the index flipped from losses to gains.
- ADP and ISM numbers left the rate outlook in play ahead of the next jobs report.
Dow Jones Industrial Average (INDEXDJX:.DJI) climbed Wednesday during normal U.S. hours, holding about a 0.4 percentage point lead over the Nasdaq Composite (INDEXNASDAQ:.IXIC) as tech shares kept trading behind blue chips. For 2026, the NYSE says markets close on Friday, July 3, for Independence Day, not Wednesday.
The Dow gained 133.78 points, or 0.26%, to 52,452.98, according to Reuters’ U.S. market page with LSEG data, delayed by at least 15 minutes. The S&P 500 (INDEXSP:.INX) added 9.08 points, or 0.12%, at 7,508.44. The Nasdaq slipped 42.94 points, or 0.16%, to 26,170.78.
| Index | Last | Point change | % change |
|---|---|---|---|
| Dow Jones Industrial Average | 52,452.98 | up 133.78 | 0.26% |
| S&P 500 | 7,508.44 | added 9.08 | 0.12% |
| Nasdaq Composite | 26,170.78 | down 42.94 | -0.16% |
Markets were looking worse earlier. At 10:01 a.m. ET, Reuters showed the Dow down 65.31 points, S&P 500 losing 19.85, and the Nasdaq lower by 141.90. That’s about a 199-point swing for the Dow since then. “I don’t get the sense that there’s a great deal of euphoria out there at the moment. The mood is sanguine, but not complacent,” said Benjamin Jones, global head of research at Invesco Ltd NYSE:IVZ. Reuters
| Snapshot | Dow % | S&P 500 % | Nasdaq % | Dow vs Nasdaq |
|---|---|---|---|---|
| 10:01 a.m. ET | -0.11% | -0.26% | -0.54% | Dow ahead by 0.43 point |
| Delayed midday read | +0.26% | +0.12% | -0.16% | Dow up 0.42 over Nasdaq |
This is important since the Dow doesn’t use market cap to weight its 30 stocks. S&P Dow Jones Indices calls it a “price-weighted measure” of U.S. blue chips, so stocks with higher prices can swing the index more than bigger companies with cheaper shares. S&P Global
The tape turned early. At 9:45 a.m. ET, MarketWatch blamed a 184-point Dow fall on Walmart Inc NYSE:WMT and Caterpillar Inc NYSE:CAT. By 11:00 a.m. ET, it pointed to gains from Salesforce Inc NYSE:CRM and Nike Inc NYSE:NKE as reasons for a 132-point rally.
| Time | Dow read | Named Dow drivers |
|---|---|---|
| 9:45 a.m. ET | down 184 points | Walmart and Caterpillar |
| 11:00 a.m. ET | up 132 points | Salesforce, Nike |
Dow-only portfolios showed gains, but growth names lagged. The Nasdaq’s loss narrowed from 0.54% to 0.16%, but the index stayed below break-even on delayed Reuters screens.
Latest macro data left the rate trade unresolved. ISM Manufacturing PMI dipped to 53.3 for June, down from 54.0 in May. The Prices Index slowed to 73.0 from 82.1, but factory input costs stayed high.
ADP NASDAQ:ADP reported private employers picked up 98,000 jobs in June, with annual pay up 4.4%. “The overall effect is a slowdown in job creation,” said Dr. Nela Richardson, ADP’s chief economist. ADP Media Center
Tyler Richey at Sevens Report Research told ABC News there’s “more risk and less fundamental support from the Fed.” Ed Yardeni from Yardeni Research said, “Earnings have been very, very strong.” abcnews.com
