United States Baker Hughes US Oil Rig Count down to 406 from previous 414

Nebius (NBIS) trades at $212 after a 176% YTD rally. Meta’s $27B deal, Microsoft contracts, and NVIDIA backing support a $250 target.

TradingKey - On July 2, Eastern Time, US stocks diverged in the final trading session ahead of the Independence Day holiday. US June non-farm payrolls data came in significantly weaker than expected, easing market concerns over near-term Fed rate hikes and pushing the Dow Jones Industrial Average su

TradingKey - On July 2, Eastern Time, US stock markets will be closed tomorrow for Independence Day. Today's weaker-than-expected non-farm payrolls dampened bets on Federal Reserve rate hikes, but Meta's plan to sell computing power still weighed on trading sentiment, resulting in a continued divergence among the three major US stock indices. The Dow Jones Industrial Average hit another record high, while memory and optical communication stocks led the declines. At the close, the Dow rose 1.14% to 52,900.07 points; the Nasdaq Composite fell 0.80% to 25,832.67 points; and the S&P 500 erased its losses late in the session to close at 7,483.24 points.

TradingKey - On July 2, Eastern Time, the three major US stock indexes showed mixed performance. Affected by Meta's transition into a computing power leasing provider, AI hardware stocks continued their decline today. While the Dow Jones Industrial Average hit another record high, the Nasdaq 100 Index fell 1.46%, and the Philadelphia Semiconductor Index dropped by about 5%. As of press time, the Dow Jones Industrial Average rose 0.73% to 52,685.45 points; the Nasdaq Composite Index fell 0.89% to 25,808.97 points; and the S&P 500 Index fell 0.21% to 7,467.39 points.

TradingKey - Micron (MU) trades near $1,035 after a 10% pullback. Strong AI demand, Q4 guidance, and GM supply deals keep the memory supercycle intact.