{"id":2744,"date":"2026-07-03T16:13:49","date_gmt":"2026-07-03T16:13:49","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=2744"},"modified":"2026-07-03T16:13:49","modified_gmt":"2026-07-03T16:13:49","slug":"global-stocks-stage-a-rally-as-american-markets-take-the-day-off","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=2744","title":{"rendered":"Global stocks stage a rally as American markets take the day off"},"content":{"rendered":"<div>\n<p>Futures for the S&amp;P 500 gained 0.4% while that for the Dow was up 0.2%. U.S. markets will be closed Friday for the Independence Day holiday.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2743\">The World Bank has elevated Vietnam and the Philippines to upper-middle-income status\u2014but now they face \u2018a far more demanding phase of development\u2019<\/a><\/p>\n<p>In early European trading, Germany\u2019s DAX rose 0.7% to 52,643.30 and the CAC 40 in Paris gained 0.3% to 8,497.30. Britain\u2019s FTSE 100 picked up 0.4% to 10,689.77.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>During Asian trading, South Korea\u2019s Kospi, which sank nearly 8% on Thursday, gained 5.8% to 8,088.34. Samsung Electronics, the country\u2019s biggest company and a major maker of computer chips, gained 8.2%, while its smaller rival SK Hynix jumped 10.9%.<\/p>\n<p>In Tokyo, the Nikkei 225 advanced 1.5% to 69,744.07. Chipmaker Tokyo Electron rose 0.4%, while memory maker Kioxia jumped 9.2%.<\/p>\n<p>Hong Kong\u2019s Hang Seng climbed 1.3% to 23,345.28 and the Shanghai Composite index added 0.4% to 4,043.64.<\/p>\n<p>Taiwan\u2019s Taiex edged 0.1% higher, while the Sensex in India jumped 0.7%.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>In Australia, the S&amp;P\/ASX 200 picked up 1.4% to 8,844.40.<\/p>\n<p>\u201cAsian stocks found some footing after two bruising tech-led sessions, with the Korean market once again showing how quickly a stretched rubber band can snap back when everyone leans the same way,\u201d Stephen Innes of SPI Asset Management said in a commentary.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>On Thursday, most U.S. stocks rose as the Dow snagged another record, gaining 1.1% to 52,900.07.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Drops for\u00a0computer chip\u00a0companies and other winners of the\u00a0artificial-intelligence\u00a0boom kept indexes mixed.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The S&amp;P 500 finished the day virtually unchanged and edged up by less than 0.1%, even though seven out of every 10 stocks within the index rose. It closed at 7,483.24.<\/p>\n<p>The Nasdaq composite dropped 0.8% to 25,382.67.<\/p>\n<p>Stocks broadly got some help from a report showing\u00a0U.S. employers added 57,000 jobs\u00a0to their payrolls last month. That\u2019s good for the economy, but it was also short of the 100,000 jobs that economists expected and a slowdown from May\u2019s hiring pace.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2741\">Nissan CEO Ivan Espinosa was forced to put together a plan to save the Japanese carmaker in just six weeks: \u2018I knew what had to be done\u2019<\/a><\/p>\n<p>The bright side of the weaker-than-expected result is that it could keep pressure off\u00a0inflation, which has been accelerating worldwide because of jumps in oil prices caused by the\u00a0war with Iran. And now that oil prices are back below where they were before the war, if inflation slows in upcoming months,\u00a0the Federal Reserve\u00a0may feel less need\u00a0to raise interest rates\u00a0several times this year.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>That would be a\u00a0relief for investors, who tend to love lower interest rates because they can give the economy a boost by making it\u00a0less expensive for U.S. households\u00a0and businesses to borrow money and spend. Lower rates also tend to push upward on prices for stocks and other investments.<\/p>\n<p>Stocks of companies in the crypto industry were also strong after the price of bitcoin rose roughly 2%, a day after dropping near its lowest level since 2024. Robinhood Markets rose 3.8%, and Coinbase Global gained 3.9%. Bitcoin rose 0.5% early Friday.<\/p>\n<p>Selling of computer chip companies\u2019s shares has weighed on indexes. They\u2019ve come under pressure because of worries that their stock prices shot too high in the frenzy around AI and that all the spending on chips and data centers may not yield as much profit and productivity growth as hoped.<\/p>\n<p>Memory maker Micron Technology erased an early gain to drop 5.5%, a day after plunging 10.6%. Nvidia fell 1.4%, and Lam Research sank 10.2%. They were some of the heaviest weights on the S&amp;P 500 because they\u2019ve grown so huge in size amid AI mania.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Nvidia has a total value of nearly $4.7 trillion, so its stock\u2019s movements have more weight on the S&amp;P 500 than any other.<\/p>\n<p>In other trading early Friday, Brent crude, the international standard, gained 0.6% to $72.26 a barrel. U.S. benchmark crude was up 0.5% to $69.05 a barrel.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>The dollar fell to 160.97 Japanese yen from 161.11 yen. The euro rose to $1.1450 from $1.1431.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=2739\">Airbnb offered $750 to Americans to open up their homes during the World Cup\u2014mostly women took it up and now they\u2019re earning thousands<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Risk on!<\/p>\n","protected":false},"author":1,"featured_media":2518,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[225],"tags":[],"class_list":["post-2744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global stocks stage a rally as American markets take the day off - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=2744\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global stocks stage a rally as American markets take the day off - 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