Asia Markets Mixed, Europe Rises While Dollar Gains - Global Markets Today While US Slept

On Tuesday, July 1, U.S. markets closed mixed, the S&P 500 and Nasdaq fell, pulled down by large-cap tech stocks, while the Dow gained. Volatility was high amid low liquidity. Investor optimism from potential stimulus was tempered by market concentration and a Tesla-Trump spat.

Economic data, including unexpectedly higher job openings, supported the Fed’s patient stance on rate cuts, shifting focus to Thursday’s nonfarm payrolls report.

In economic data, U.S. job openings increased to 7.769 million in May. The ISM manufacturing PMI for June rose to 49 compared to market estimates of 48.8. U.S. construction spending declined 0.3% in May to $2,138 billion annually.

Most S&P 500 sectors, including materials, healthcare, and energy, saw gains, but information technology and communication services ended lower.

The Dow rose 0.91% to 44,494.94, the S&P ...