NEW YORK, June 30, 2026, 11:03 (EDT)
- Large-cap growth stocks set the pace this morning, but breadth came in soft even as indexes traded higher.
- U.S. stocks traded during the NYSE regular session. The next full market holiday is July 3.
- Job openings in May ticked up by 9,000, but hiring dropped. Labor numbers came in mixed.
- After a strong quarter, investors say AI spending and second-half earnings are the next test for the rally.
U.S. stocks moved up Tuesday, with the Nasdaq Composite (INDEXNASDAQ:IXIC) out front as the quarter wound down. But under the surface, market breadth was negative. More stocks fell than rose, despite gains in the main indexes.
As of 10:08 a.m. ET, the Dow Jones Industrial Average (INDEXDJX:.DJI) was little changed at 52,186.46. The S&P 500 (INDEXSP:.INX) added 0.34% to 7,465.39. The Nasdaq advanced 0.76% to 26,011.87. Decliners outnumbered advancers on the NYSE by 1.33-to-1, and by 1.29-to-1 on Nasdaq. Seven of 11 S&P 500 sectors were lower. “Investors can’t see an end in sight to this bull run,” said David Morrison, senior market analyst at Trade Nation. Brian Levitt, chief global market strategist at Invesco, said tech went through “a period of June gloom” that may turn around near earnings season. Reuters
Stocks traded during regular NYSE hours. The main session is 9:30 a.m. to 4:00 p.m. ET. June 30 is a normal trading day and doesn’t appear on the 2026 holiday list—NYSE is set to close for Independence Day on Friday, July 3.
| S&P, QQQ push higher midmorning; Dow, small-caps lag | Price | Move |
|---|---|---|
| SPDR S&P 500 ETF Trust (NYSEARCA:SPY) | $744.09 | +0.42% |
| Invesco QQQ Trust NASDAQ:QQQ | $732.12 | +1.11% |
| SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA) | $522.32 | +0.12% |
| iShares Russell 2000 ETF (NYSEARCA:IWM) | $299.34 | +0.12% |
The gap was important as it meant money was still going after growth stocks even as the rest of the market slipped. Nvidia NASDAQ:NVDA, Apple NASDAQ:AAPL, Microsoft NASDAQ:MSFT and Tesla NASDAQ:TSLA all moved up. Freight and consumer names were weaker.
| Stock | Price | Move |
|---|---|---|
| Nvidia NASDAQ:NVDA | $197.32 | up 1.21% |
| Apple NASDAQ:AAPL | $285.69 | up 1.40% |
| Microsoft NASDAQ:MSFT | $372.39 | up 1.04% |
| Tesla NASDAQ:TSLA | $414.45 | added 0.63% |
| FedEx NYSE:FDX | $312.08 | fell 4.09% |
| Nike NYSE:NKE | $41.14 | down 0.82% |
| AeroVironment NASDAQ:AVAV | $165.00 | jumped 18.71% |
| Concentrix NASDAQ:CNXC | $20.49 | dropped 18.79% |
Economic numbers were mixed. Job openings in the U.S. edged up by 9,000 to 7.594 million in May, but companies hired 45,000 fewer people, with hires down to 5.170 million. Openings in transportation, warehousing and utilities slid by 43,000. That detail didn’t look good next to FedEx’s results.
Consumer figures told a similar story. The Conference Board’s confidence index edged up 0.6 point to 91.2 in June, while the group’s present-situation measure slipped and the number reporting jobs were hard to get climbed to 22.5%, the most since January 2021. “Consumer confidence inched up in June,” said Dana M. Peterson, chief economist at the Conference Board, pointing to lower oil prices. She also said views on the labor market “softened measurably.” The Conference Board
AI and earnings kept buyers in the index. Microsoft, Alphabet NASDAQ:GOOGL, Amazon NASDAQ:AMZN and two others are guiding for some $730 billion in total capex this year, JPMorgan Chase NYSE:JPM data showed, per Reuters. “It is certainly priced in,” said Nicolas Janvier at Columbia Threadneedle. David Bianco, Americas CIO at DWS, called earnings “the main test.” Reuters
Valuation risk didn’t move out of the shadows. BofA’s Bubble Risk Indicator came in at 0.91 for the PHLX Semiconductor Sector and 0.82 for the Technology Select Sector. The S&P 500 was trading at a price-to-sales ratio of 3.22, above its long-term average of 1.84, according to LSEG. “Risk measures were flashing amber,” said Oliver Shale, investment specialist U.S. at Ruffer. Reuters
Stocks ripped higher Monday, with the Dow ending at a record close. The S&P 500 tacked on 1.18% and the Nasdaq jumped 2.07% as tech names rebounded from recent losses. Both the S&P 500 and Nasdaq were on pace for their best quarter in six years, and the Dow aimed for its top quarter since 2022.
The June employment report comes out Thursday. Economists surveyed by Reuters expect 110,000 new jobs and the jobless rate to land at 4.3%.
