South Korea Financial Markets

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, July 1, 2026.

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Most US stocks rise, but drops for tech pull Wall Street lower

Most US stocks rise, but drops for tech pull Wall Street lower

Most U.S. stocks rose, but drops for some influential technology companies pulled the market lower. The S&P 500 slipped 0.2% Wednesday for its eighth loss in 11 days. The Dow Jones Industrial Average was nearly flat and edged down less than 0.1%, while the Nasdaq composite fell 0.7%. Stocks got a boost after a weaker-than-expected report on U.S. manufacturing helped Treasury yields pare gains in the bond market. That could mean less pressure on the Federal Reserve to raise interest rates this year. Three out of five stocks within the S&P 500 rose, but drops for AI winners weighed on the index.