Dow, S&P 500, Nasdaq futures stall amid tech jitters ahead of jobs report

July 2, 2026

Breaking News

Image source: Pexels

US stock futures trod water on Thursday as investors waited for the release of the June jobs report to help set expectations for the next move in interest rates.

Contracts on the tech-heavy Nasdaq 100 dropped 0.4%, eyeing further losses to build on Wednesday's chip sector-led slide.

S&P 500 futures hovered below the flat line, while those on the Dow Jones Industrial Average, which includes fewer tech names, were also little changed.

Pressure on tech stocks showed no sign of easing Thursday, after a sell-off in South Korean chipmakers helped drive a 7.9% plunge in the Kospi stock benchmark.

Shares in memory makers SK Hynix and Samsung Electronics, which each recently laid out a massive AI investment, sank over 14% and 9%, respectively. Yahoo Finance reports.

EdgeUp

🏦 Linkhome Holdings Completes Acquisition of Mortgage One Group and Launches GPU Financing Business

Linkhome Holdings Inc., an AI-powered real estate and fintech company, today announced that it has completed the acquisition of 100% of the equity interests of Mortgage One Group, marking a significant milestone in the company's expansion into AI financing.

Mortgage One Group currently operates with approximately $28 million in warehouse lending capacity, employs 39 professionals, and holds mortgage lending licenses across 18 U.S. states.

Linkhome intends to expand the platform's licensing footprint nationwide, with the long-term objective of serving customers in all 50 states. Globe Newswire reports.

📚 Franklin Covey Reports Third Quarter Fiscal 2026 Results. Sinks in pre-market

Franklin Covey Co., a global leadership and organizational performance partner that gives strategy the human edge, announced today its financial results for the third quarter of fiscal 2026, which ended on May 31, 2026.

The company's consolidated revenue for Q3 FY2026 increased to $67.8 million compared with $67.1 million in Q3 FY2025. Businesswire reports.

🧬 Can-Fite Phase 2a Pancreatic Cancer Study with Namodenoson Demonstrates Durable Survival Outcomes in Advanced Disease. Down in pre-market

Can-Fite BioPharma Ltd., a clinical-stage biotechnology company developing a pipeline of proprietary small molecule drugs targeting oncological and inflammatory diseases, today announced that its Phase 2a study evaluating Namodenoson in patients with advanced pancreatic ductal adenocarcinoma achieved its primary safety endpoint and demonstrated durable overall survival outcomes.

The open-label Phase 2a study enrolled 20 patients with advanced pancreatic ductal adenocarcinoma who had progressed following standard therapies.

Fourteen patients received Namodenoson as third-line treatment, five as second-line treatment, and one as fourth-line treatment.

Namodenoson was well tolerated, with a safety profile consistent with prior clinical trials. Globe Newswire reports.

📶 Why SurgePays Shares Are Trading Higher By 59%

Shares of SurgePays Inc. rose sharply in pre-market trading after the Tennessee-based wireless and fintech company amended its agreement with a Tier 1 wholesale wireless network provider.

The deal restructures wholesale pricing and eliminates a prior $50 billion minimum purchase commitment over three years, wiping the related contingent liability from SurgePays’ balance sheet.

SurgePays shares jumped 59% to $0.66 in pre-market trading. Benzinga reports.

⚡ Electricity demand is set to grow faster than the global economy. Metals to surge

Global electricity demand growth is set to outstrip GDP growth for the first time, signaling a major boon for metals key to the energy transition.

After a decade of stagnant power demand, the economy is undergoing a massive wave of electrification, Bank of America metals strategists led by Michael Widmer wrote in a recent note to clients.

Electricity demand is now expected to grow significantly faster than GDP for the next two and a half years. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) USDE: StablecoinX Inc.
Total gain: +125.48%

2) WHLR: Wheeler Real Estate Investment Trust, Inc.
Total gain: +58.65%

3) DSY: Big Tree Cloud Holdings Limited
Total gain: +48.96%

4) SDEV: Stablecoin Development Corporation
Total gain: +26.92%

5) TENX: Tenax Therapeutics, Inc.
Total gain: +13.85%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on July 1.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) TC: Token Cat Limited
Total gain: +159.46%
The stock appeared to be moving on no notable news.

2) SDOT: Sadot Group Inc.
Total gain: +105.19%
The stock appeared to be moving on no notable news.

3) CANF: Can-Fite BioPharma Ltd.
Total gain: +55.89%
The company announced that its Phase 2a study evaluating Namodenoson in patients with advanced pancreatic ductal adenocarcinoma achieved its primary safety endpoint and demonstrated durable overall survival outcomes. Globe Newswire reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

LNN: Lindsay
Q3 2026
Before Market Open
Estimate: 1.250
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:30 AM - Weekly Jobless Claims - June 27
8:30 AM - Employment Report - June
8:30 AM - Unemployment Rate - June

Parting Thoughts

“Luck is what happens when preparation meets opportunity.”

– Seneca

Sourced in: Letters from a Stoic — GoodReads.

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