Stocks Supported by Chip Stock Strength and Trade News

The S&P 500 ($ Spy) (SPY) has increased today +0.25 %, the Dow Jones Industries ($ DOI) index (DIA) has a rate of -0.10 %, and the NASDAQ 100 ($ IUXX) index (QQQ) +0.67 %. Futures increased in September (S&P) (ESU25) +0.18 %, and NASDAC increased in September (NAF25) (NQU25) +0.61 %.

Stock indexes today are mostly higher. The strength in semiconductor makers today leads the broader market. Also, Apple and Tesla climb more than +2 % today to lead the highest Megacap technology stocks. The stocks added to its gains after President Trump announced that the United States had reached a commercial deal with Vietnam.

However, the gains in the broader market are limited due to fears that the American labor market is weakening, after the ADP recruitment report in June, which showed that employment in American companies has decreased unexpectedly for the first time in more than two years. The weakness in health insurance shares is weighing as a whole on the total market, led by 38 % in two years after it withdrew its directives for 2025 due to the directions of the insurance market, which is different from its initial assumptions.

The markets are awaiting the House of Representatives voting on the Senate version of the President of President Trump’s Tax and spending bill. Also, the focus is on commercial conversations before the deadline on July 9 to implement the mutual tariff. Late on Tuesday, President Trump said that the commercial deal with Japan is not likely, so the country is likely to pay a 30 % or 35 % tariff or “whatever the number we specify.”

On Tuesday, the Senate passed the Republican Reconciliation law with a vote 51-50. The draft law is now considered by the House of Representatives, where it is expected to vote at one time this week. Johnson spokesman said the House of Representatives “will work quickly” to try to pass the bill by July 4. The non -party congress budget office estimates that the draft law will add approximately $ 3.3 trillion to a US budget deficit over the next decade. The reconciliation bill has an increase in the roof of the debt necessary to avoid the failure to pay the treasury when the Treasury is running out of the authority to borrow over the so-called X-Date, which is between mid-August and late September.

Mortgage requests in the United States of America increased +2.7 % in the week ending June 27, with the increase in real estate index in the mortgage. The average firm mortgage decreased for 30 years -9 basis points to 6.79 % from 6.88 % in the previous week.

The ADP employment was unexpectedly decreased to 33,000, weaker than the increase in +98,000 and the first decrease in 2-1/4 years.

On the negative side of the stocks is the next profit season, which begins next week. Bloomberg Intelligence data shows that the C2 profits consensus for the S&P 500 companies for an altitude +2.8 % on an annual basis, which is the smallest increase in two years. Also, it is expected to publish six S&P 500 11 in profits, which is less since Q1 of 2023, according to the Yardeni search.

During this week, which was approved on the holiday, the markets will search for commercial and well -known news in addition to applying for the approval of the tax law for President Trump. On Thursday, non -agricultural salary statements are expected to fall in June by +113,000, and the June +0.1 employment rate is expected to rise to 4.3 %. Also, the average clock profit is expected to increase in June +0.3 % m/m and +3.8 % on an annual basis. In addition, it is expected that the weekly unemployment claims will climb +5,000 to 241,000, and you may expect the factory orders +8.1 %/m. Finally, the June ISM +0.7 service index is expected to climb to 50.6.

Future prices in federal funds make up 25 % to reduce the interest rate -25 BC at the FOMC meeting on July 29-30.

Foreign stock markets today are mixed. Euro Stokes 50 rises +0.65 %. The Chinese Chinese compound closed by -0.09 %. Nikkei’s share in Japan closed 225 by -0.56 %.

Useful interest rates

September 10 from T -Notes (Znu25) today decreased by -7 ticks. The T-Note revenue increases for 10 years +4.7 BP to 4.289 %.

T-Notes is under pressure today due to poor mobility in European government bonds. Also, speculation that Congress is about to pass and spend President Trump’s bill has sparked some weakness in ventilation prices. The Congress Budget Office estimates that the draft law will add approximately $ 3.3 trillion to deficit in the United States during the next decade, which will enhance treasury security sales to finance deficit. Increasing inflation expectations also reduce T -ventilation prices, as the rate of inflation expectations increased for 10 years to the highest level per week by 2.319 %.

T-Notes losses after changing ADP employment in June is unexpectedly decreased for the first time in more than two years, a factor of the FBI policy. Also, the weaknesses in the stocks today pushed some demand for the safe term on T-Notes.

European government bonds revenue today rises. The German return jumped for 10 years to the highest level in 1-1/2 months by 2.675 % and increased +8.5 basis points to 2.659 %. The UK’s doctrine has increased for 10 years to an increase of 3 weeks at 4.633 % and increased +12.5 basis points to 4.579 %.

The unemployment rate in the euro area may increase unexpectedly +0.1 to 6.3 %, indicating the weakness of the labor market from the lack of change at 6.2 %.

The European Central Bank of the Central Bank, Sinino, said that the European Central Bank “is not in a hurry” to reduce interest rates, although inflation is 2 %.

“He is concerned about inflation without the European Central Bank’s goal for a long period of time”, as the European Central Bank expects 18 months of inflation without its goal due to the American definitions and the struggle of the euro zone economy to expand.

The bares are due to 6 % deduction to reduce the interest rate by the European Central Bank at the Policy meeting on July 24.

American engines

Power in semiconductor stocks today supports the total market. Marvell (MRVL) and NXP Semiconductor NV (NXPI) increases more than +3 %. Also, NVIDIA (NVDA) and Texas Instruments (TXN), on semiconductors (ON), Broadcom (AVGO), advanced fine devices (AMD), and applied materials (AMAT) rises more than +1 %.

Tesla (TSLA) increased more than +4 % to lead the winners in NASDAQ 100 after reporting the delivery of Shanghai in June +0.8 % on an annual basis to 71,599 units, which is the first increase in Chinese shipments this year.

Verint Systems (VRNT) increased more than +10 % after Bloomberg News mentioned that the THOA Bravo acquisition company is holding talks to obtain the company.

The Cava (Cava) group increased more than +3 % after Keybanc Capital Markets started covering the arrow with a recommendation for weight gain and $ 100.

Constellation (STZ) increased more than +2 % after the expectation of 2026 comparative vocabulary profitability from $ 12.60 to $ 12.90, which is the center point above $ 12.68.

Appl (AAPL) has increased more than +1 % after a JeffRies upgrade to the arrow to keep it from weak performance.

Nike (Nke) increased more than +1 % after President Trump said that the United States had reached a trade deal with Vietnam.

Health insurance shares are being dirty today, led by 38 % in Centene (CNC) after they withdrew their directives for 2025, noting the directions of the insurance market, which is different from its assumptions and threatens its revenues of $ 1.8 billion. Also, Molina Healthcare (moh) decreased by more than -19 %, and Elevance Health (ELV) decreased by more than 9 %. In addition, the Humana (Hum), Cigna Group (CI), HCA Healthcare (HCA) and UNITEDHELHELHELTH GROUP (UN) (UN) (UN) is more than 2 %.

Insurance shares decrease today. COS (TRV) passengers have decreased more than -3 % to lead the losers in Dow Jones Industries. Also, the Allstate (Allstate) group, Chubb Ltd (CB), the American International Group (AIG), Hartford Insurance Group (High), and Endemnity (ERIE) (ERIE), has decreased more than 3 %.

BRIGHTVIEW HOLDINGS (BV) has decreased by more than -13 % after reducing its revenue expectations for the entire year to $ 2.68 billion to $ 2.73 billion from previous expectations of $ 2.75 billion -2.84 billion dollars, less than the corresponding to 2.78 billion dollars.

OSCAR Health (OSCR) decreased more than -14 % after Barclays began covering the arrow with a recommendation from weight loss and a $ 17 price goal.

Adobe Inc (ADBE) decreased more than -4 % after Rothchild & Co reduced the arrow reduction for sale from a decline with a $ 280 price target.

Crocs Inc. (CROX) more than -1 % after Goldman Sachs started covering the arrow with a recommendation for sale and a price of $ 88.

Profit reports (7/2/2025)

Franklin Covey Co (FC), Unifirst Corp/M (UNF).

On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com