US stocks experienced a pause on the first day of July following two consecutive record highs for the S&P 500 and marking the best quarter since 2023.
The S&P 500 Index declined by 0.2% at 11:26 a.m. in New York. The Nasdaq 100 Index dropped 0.9% as investors shifted away from the index after its 18% surge last quarter. Meanwhile, the Russell 2000 Index — which lagged behind last quarter — rose 0.5%, and a Goldman Sachs Index tracking companies with the weakest balance sheets increased by 1.5%.
— news from Bloomberg.com
— News Original —
US Stocks Decline as Traders Eye Economic Data, Tax Bill Talks
US stocks took a breather on the first day of July after the S&P 500 posted two consecutive records and notched the best quarter since 2023.
The S&P 500 Index fell 0.2% at 11:26 a.m in New York. The Nasdaq 100 Index lost 0.9% as investors rotated out of the gauge following its 18% rally last quarter. The Russell 2000 Index — last quarter’s laggard — jumped 0.5%, while a Goldman Sachs Index of companies with the weakest balance sheets gained 1.5%.