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U.S. tech stocks fell: AMD (AMD.O) down nearly 4%, Meta Platforms (META.O) down 3.5%, Intel (INTC.O) down 2.5%, NVIDIA (NVDA.O) down 0.6%, Broadcom (AVGO.O) down 0.3%.

2026-07-02

U.S. tech stocks fell: AMD (AMD.O) down nearly 4%, Meta Platforms (META.O) down 3.5%, Intel (INTC.O) down 2.5%, NVIDIA (NVDA.O) down 0.6%, Broadcom (AVGO.O) down 0.3%.

Other News
2026-07-02

White House National Economic Council director Hassett criticized former Fed chair Powell for remaining on the Federal Reserve, saying Jay Powell not stepping down is "extremely unusual" and that his staying blocks the administration from nominating

White House National Economic Council director Hassett criticized former Fed chair Powell for remaining on the Federal Reserve, saying Jay Powell not stepping down is "extremely unusual" and that his staying blocks the administration from nominating new Fed governors. Hassett also said most Fed voters "did not vote out of patriotism but because they wanted to remove Trump." Powell, whose board term runs to January 2028, said he will remain for now. He has said an investigation into a Fed building project appears politically motivated and in April said he would leave "when I think appropriate." The Fed board currently has only one member nominated during Trump's re‑election: new chair Kevin Warsh.
2026-07-02

"While the market is still pricing in a rate hike as the Fed's next move, we believe the non-farm payroll report highlights that this move could pose a risk to at least one of the Fed's dual mandates," said institutional analyst Jersey. "Despite Wars

"While the market is still pricing in a rate hike as the Fed's next move, we believe the non-farm payroll report highlights that this move could pose a risk to at least one of the Fed's dual mandates," said institutional analyst Jersey. "Despite Warsh's attempts to downplay the importance of the jobs mandate, I think most committee members will be concerned that a rate hike could harm jobs, and they will keep the current policy rate unchanged until the trend reverses, unless inflation persists above 3% and is expected to remain above that level."
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