On July 2, 2025, U.S. stock markets showed mixed results. The Dow Jones Industrial Average (DJIA) rose by 0.9%, while the S&P 500 fell by 0.1% and the Nasdaq Composite dropped by 0.8%. This reflects a complex interplay of economic data and political developments. (Source: AP News, Reuters)
The DJIA closed at 44,494.94 points, just 1.3% below its all-time high from December 4, 2024. The Nasdaq Composite fell to 20,202.89 points, impacted by a decline in tech stocks. A surprising drop in private sector employment in June, with a loss of 33,000 jobs, added to the negative sentiment. (Source: AP News, Reuters)
Politically, the "One Big Beautiful Bill Act" (OBBBA) passed the U.S. Senate with a 51-50 vote, with Vice President JD Vance casting the deciding vote. This bill includes tax cuts, defense spending, and immigration measures. The Congressional Budget Office estimates the bill will increase national debt by $3.3 trillion. (Source: AP News, Reuters)
The markets are reacting with a mixed sentiment to these developments. Investors are weighing the impacts of political decisions on the economy and financial markets. The future performance of the markets will depend on how these factors continue to evolve. (Source: AP News, Reuters)