Stock market 230703

DOW ▲ 34,418.47 (0.03%)
S&P500 ▲ 4,455.59 (0.1%)
NASDAQ ▲ 13,816.77 (0.2%)
RUSS 2K ▲ 1,896.78 (0.4%)
PHLX Semiconductor Index ▲ 3,703.62 (0.8%)


The stock market was closed due to the U.S. Independence Day holiday the following day, and the stock market closed early at 2 a.m. today ahead of the holiday. As a result, the New York stock market started the third quarter mixed ahead of the holiday, but ended strong. Expectations for a soft landing in the second half of the year increased as the U.S. employment indicators remained strong, but manufacturing indicators released today offset these expectations. The U.S. Manufacturing Purchasing Managers' Index (PMI) for June released by S&P Global was finalized at 46.3, the same level as expected, down from 48.4 in the previous month, the lowest level in six months. Capital Economics said that while U.S. economic data remained largely solid, some predicted a recovery from the slowdown, but UBS said it would be hard to predict whether a strong rally could continue in the second half of the year, with U.S. and global stocks continuing at over 20% above their October lows.

STOXX 600 ▼ 460.98 (-0.2%)
DAX ▼ 16,081.04 (-0.4%)
FTSE 100 ▼ 7,527.26 (-0.1%)
CAC 40 ▼ 7,386.70 (-0.2%)

European stocks closed slightly lower today after a strong first-half rally. Today, the pan-European STOXX600 Index and the French CAC Index closed down 0.2%, the German DAX Index closed down 0.4%, and the British FTSE Index closed down 0.1%. Meanwhile, inflation in the eurozone fell more than expected in June to 5.5%, but prices are well above the ECB's 2% target as core inflation continues to rise.