On July 1, 2025, the US stock market closed with mixed results. The Dow Jones Industrial Average experienced a significant rally, gaining over 150 points driven by the strong performance of Nike and Apple stocks. Nike's shares surged by $2.21, while Apple's shares rose by $4.27, contributing to a substantial boost in the index. Other key components like UnitedHealth, 3M, and Honeywell also played a significant role in the Dow's positive movement.
In the sector performance, US casino stocks showed notable gains. Las Vegas Sands rose by 8.89%, Wynn increased by 8.83%, and MGM Resorts International climbed by 7.27%. On the other hand, the semiconductor sector faced declines, with First Solar dropping by 1.56%.
Tesla Motors experienced a significant drop of 5.34%. The decline was driven by multiple factors, including CEO Elon Musk's announcement of taking over sales operations in Europe and the US, and criticisms from former President Trump regarding Tesla's reliance on government subsidies. These developments led to a sharp decline in Tesla's stock price.
Microsoft fell by 1.08% following the announcement of a strategic partnership with the English Premier League to migrate its core technology infrastructure to the Microsoft Azure cloud platform. Despite the positive news, the stock faced a decline.
Apple saw a rise of 1.29% as the company explores utilizing AI technology from Anthropic PBC or OpenAI to enhance Siri. This potential move signifies a shift from Apple's current in-house AI models towards third-party solutions, reflecting the company's efforts to revamp its AI capabilities.
Palantir Technologies Inc. dropped by 4.14% despite positive outlooks from analysts who believe that AI technology spending will drive growth in the tech sector over the next three years.
Roblox Corporation fell by 4.33% despite BTIG maintaining a 'Buy' rating and raising the price target from $73.00 to $124.00 per share, reflecting positive sentiment towards Roblox's future performance.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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