The Economic Times

Dow Jones hits record intraday high before closing lower, S&P 500 and Nasdaq fall - heres why US stock market started July in red

US stock market today July 1: US markets experienced a mixed trading day as the Dow Jones briefly hit a new intraday record before retreating. Profit-taking in semiconductor stocks led to a decline in the Nasdaq. This comes after a strong first half for US equities, with investors continuing a 'Great Rotation' from tech into traditional Dow companies.