The Dow Jones index hit a new record high.

VTV.vn - Weak employment data dragged the US dollar down, the Dow Jones hit a new record high, while the Nasdaq continued to face selling pressure.

Traders at the New York Stock Exchange, USA. (Photo: THX/VNA)

At the close of trading on July 2nd, the Dow Jones Industrial Average hit a new record high, while the US dollar fell sharply after the release of disappointing US employment data, dampening market expectations for an early interest rate hike and prompting capital flows from technology stocks to industrial stocks.

On Wall Street, the Dow Jones index rose 1.1%, closing at 52,900.07 points, setting a new record high, while the Nasdaq technology index fell for the second consecutive session, dropping 0.8% to 25,832.67 points. The S&P 500 index remained unchanged at 7,483.24 points.

The latest report shows that the US economy added only 57,000 non-agricultural jobs, about 50% of the forecast. Job growth data from the previous two months was also revised downwards. While still showing positive growth, these figures have somewhat dampened the otherwise bright picture of the world's largest economy.

Over the past period, the market has been preparing for the scenario that the US Federal Reserve (Fed) will raise interest rates in 2026, especially as the new Chairman Kevin Warsh focuses entirely on controlling inflation and stabilizing prices based on the assessment that the labor market remains strong.

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However, new data has changed this perspective. Steve Sosnick, an expert from Interactive Brokers, commented: "The employment figures are quite poor, meaning the likelihood of the Fed raising interest rates in the short term has decreased."

The dollar slipped as futures markets adjusted their forecasts for Fed policy. However, StoneX analyst Fawad Razaqzada believes that a single, less-than-optimistic jobs report is not enough to create the turnaround many investors are hoping for.

He stressed that this report is unlikely to change the Fed's strategic vision, especially since inflation remains a top priority for policymakers.

In Europe, the DAX 30 index on the Frankfurt stock exchange ( Germany ) also set a new record, rising 2.2% to 25,580.88 points amid the German ruling coalition's agreement on sweeping reforms to the tax, labor, and pension systems to revive the struggling economy.

London's FTSE 100 index rose 1.7% to 10,652.87 points, while Paris's CAC 40 index gained 1.7% to 8,474.86 points.

United States - Vietnam: Don't miss

Strengthening the friendship between Vietnam and the United States.On July 3rd, as part of the Pacific Partnership - Friends of the Pacific 2026 program, the U.S. Army Pacific delegation, led by Lieutenant General Joel Vowell, Deputy Commander of the U.S. Army Pacific, paid a courtesy visit to the Quang Tri Provincial Military Command.

The U.S. Army Pacific delegation visits the Quang Tri Provincial Military Command.2026 marks the first time the Pacific Partnership-Friends of the Pacific program will be jointly organized in Quang Tri, creating a large-scale cooperation framework with 25 activities.

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Source: https://vtv.vn/chi-so-dow-jones-cham-muc-ky-luc-moi-10026060108555525.htm