Markets rotate with tech stocks selling off, Dow rising near all-time high

From Investing.com: 2025-07-02 02:56:00

A sector rotation in the US stock market saw a sell-off in mega-cap tech stocks, with the Nasdaq down -0.90% and the Dow rising 0.9%, nearing its all-time high. The Senate’s approval of Trump’s tax plan pressured tech giants like Microsoft and Nvidia. The Fed and BoJ remained cautious on policy, with markets expecting a rate hike later in the year. The US dollar weakened for the seventh straight session, but at a slower pace. Asia markets were mixed, with the Nikkei dropping on tariff fears. Gold held above support ahead of US jobs data.



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