U.S. Stock Market Daily — 2026-07-03

Fear & Greed Index

The index currently stands at 30.80, reflecting an Extreme Fear phase. In the 0-100 range, a level below 30 indicates that investors are experiencing significant concern and anxiety, reflecting a weakening in market momentum and increased volatility.

Market Key Summary

• S&P 500: Weekly gains led by a recovery in tech stocks.
• Dow Jones: Hit a new all-time high following weak jobs data.
• NASDAQ: Recovered losses for five consecutive trading days as tech stocks bounced back.

1 sources

finhacker.cz

Fear and Greed Index: Historical Data & Chart (2011–2026)

Key Market Drivers and Macro Environment

• Weak June Jobs Data: Non-farm payrolls in June reached only 57,000, significantly missing market expectations, while the unemployment rate was recorded at 4.2%. This was interpreted as a sign of economic weakness, supporting the stock market by raising the likelihood of a Federal Reserve interest rate cut.

• Federal Reserve Expectations: The weak economic indicators have fueled market expectations for future rate cuts, which investors are viewing as a positive sign.

• Concerns Over High Valuations: With the S&P 500's 10-year cumulative return reaching 325%, experts are issuing warnings that the current market may be overheating.

Market Expert Outlook

• Warning on Overbought Status: According to analysis by The Motley Fool, the S&P 500 is at a historically high valuation level, which serves as a clear warning signal for the market.

• Continued Positive Assessment of Tech: Evercore ISI maintained an Outperform rating on NVIDIA, citing the technical shift in parallel processing as a key investment theme.

• Selective Investment Based on Corporate Earnings: Nike shares rebounded after its quarterly earnings beat market expectations, but investors are taking a selective approach due to cautious outlooks from management.