US stock indices open lower on Friday; Nasdaq Index down 0.37%; S&P 500 Index down 0.22%; Dow Index down 0.14%

US stock indices open lower on Friday; Nasdaq Index down 0.37%; S&P 500 Index down 0.22%; Dow Index down 0.14%

U.S. stock indices opened lower on Friday, July 2, 2025, as investors reacted to various factors affecting the market. The Nasdaq Index fell by 0.37%, the S&P 500 Index dropped by 0.22%, and the Dow Index declined by 0.14% [1].

The market's opening was influenced by several key events. Dell shares fell 7% despite reporting a top and bottom line beat, as well as an increase in its full-year revenue outlook. The company also booked $5.6 billion of AI server orders, down from $12.1 billion last quarter, and operating margins in its infrastructure business were below consensus [1]. Marvell Technology shares tumbled almost 14% in the premarket after the chip company reported lackluster results, with revenue and adjusted earnings per share matching expectations [1]. Additionally, Caterpillar said in a securities filing that it now sees its full-year adjusted operating profit margins to be near the bottom of the target range after updating the impact of tariffs [1].

Jerome Powell's Jackson Hole remarks also shifted the market's outlook toward imminent monetary easing, sending the Dow Jones Industrial Average (^DJI) to a record 45,631.74, the S&P 500 (^GSPC) to 6,466.91, and the Nasdaq Composite (^IXIC) to 21,496.53 [2]. Tech megacaps, including Tesla (TSLA), Alphabet (GOOGL), and Apple (AAPL), led the charge, while financials and industrials also rebounded as falling yields lightened the funding burden [2]. However, the speculative surge in AI-linked equities continues to draw skepticism, with Nvidia (NVDA) trading at a price-to-earnings ratio near 56 [2].

Overall, the market's opening on Friday reflected a mix of positive and negative factors, with investors closely monitoring earnings reports and central bank policies.

References:

[1] https://www.cnbc.com/2025/08/29/10-things-to-watch-in-the-stock-market-friday-including-dell-and-marvell-earnings.html

[2] https://www.tradingnews.com/news/stock-market-today-dow-sp500-nasdaq-surge-on-friday-close