US Stocks Close: Three Major Indices Mixed, Dow Hits Another Record High; Meta's Plan to Sell Computing Power Still Dampens Market Sentiment, Memory Stocks Plummet Across the Board, SanDisk Drops Over 23% in Two Days
TradingKey - On July 2, Eastern Time, US stock markets will be closed tomorrow for Independence Day. Today's weaker-than-expected non-farm payrolls dampened bets on Federal Reserve rate hikes, but Meta's plan to sell computing power still weighed on trading sentiment, resulting in a continued divergence among the three major US stock indices. The Dow Jones Industrial Average hit another record high, while memory and optical communication stocks led the declines. At the close, the Dow rose 1.14% to 52,900.07 points; the Nasdaq Composite fell 0.80% to 25,832.67 points; and the S&P 500 erased its losses late in the session to close at 7,483.24 points.
TradingKey - On July 2, Eastern Time, US stock markets will be closed tomorrow for Independence Day. Today's weaker-than-expected non-farm payrolls dampened bets on Federal Reserve rate hikes, but Meta's plan to sell computing power still weighed on trading sentiment, resulting in a continued divergence among the three major US stock indices. The Dow Jones Industrial Average hit another record high, while memory and optical communication stocks led the declines. At the close, the Dow rose 1.14% to 52,900.07 points; the Nasdaq Composite fell 0.80% to 25,832.67 points; and the S&P 500 erased its losses late in the session to close at 7,483.24 points.
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