US Markets Highlights — Jul 1, 2026 | Aivina
July 1, 2026
US equity markets experienced mixed trading this week, influenced by economic data and tech sector performance. A cooling labor market was indicated by falling JOLTS job openings and ADP employment, while manufacturing contracted. However, the services sector showed robust expansion. Fed officials continue to emphasize data dependency, suggesting no immediate rate cuts as inflation moderates but remains above target.
Highlights
- Bond yields rose; Major indices dipped; JOLTS data fueled Fed cut uncertainty.
- Tech sector rallied; S&P 500, Nasdaq rebounded; Strong services data boosted sentiment.
- Market awaited jobs data; Indices held gains; Tech strength persisted.
Macro Overview
Inflation
Inflation shows continued moderation, particularly in goods, but services inflation remains persistent, keeping it above the Fed's 2% target.
Interest Rate Outlook
Fed officials remain data-dependent; no immediate rate cuts are expected. Market anticipates potential cuts later this year, contingent on sustained disinflation progress.
Risk Sentiment
neutral
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