US Stock Market Open Or Close On July 6? Check Weekly Outlook For Nasdaq, Dow Jones, Nasdaq 100, S&P 500

The US stock market is expected to trade overall volatile with a cautious tone in tech sectors. Next week, geopolitical developments between US and Iran, economic data and earnings will play a role in driving sentiment. Last week, the Nasdaq Composite surged over 2.1%, outperforming its counterparts Dow Jones and S&P 500 indexes, which gained by 2% and 1.8%. Notably, the Nasdaq Composite is below and the Nasdaq 100 is just above their 50-day simple moving averages.

US Stock Market Latest

Last week on July 2nd, Dow Jones closed at 52,900.07, registering a strong surge of 594.83 points or 1.14%. This is after the index hit a new all-time high of 52,903.85.

Meanwhile, S&P 500 index ended broadly flat at 7,483.24. However, bulls had runaway from indices like Nasdaq and Nasdaq 100. The tech-heavy index, Nasdaq Composite, ended at 25,832.67, registering a decline of 207.36 points or 0.80% on July 2nd. But Nasdaq 100 index was the hardest hit by crashing 479.92 points or 1.61% to close at 29,329.21.

The market was closed on July 3rd for Independence Day.

Nasdaq Composite and Nasdaq fell due to continued selloffs in chipmakers.

As per Trading Economics, chipmakers fell for a second day as investors questioned whether AI optimism had pushed valuations beyond reasonable levels. Fresh developments included reports that OpenAI was in talks to sell a 5% stake to the US government, while Meta (-4.9%) said it may monetize its excess compute capacity. Micron sank 7%, Applied Materials slipped 7.4%, and AMD dropped 4.3%. Tesla fell 7.5% despite a strong deliveries report.

US Stock Market Weekly Outlook

Nathan Peterson, Director of Derivatives Research and Strategy for the Charles Schwab said, in the trading week for July 6th to July 10h, the focus will be on economic and earnings calendar, so near-term technicals, Middle East headlines, oil prices, and yields will likely have a larger influence on market direction.

He added, "July seasonality favors the bulls, but I'm wondering if that will be enough of a factor to offset the wobble we're seeing in the momentum/AI infrastructure trade."

Furthermore, Peterson pointed out that the near-term technicals look bifurcated from my lens-the S&P Equal Weight Index (SPXEW), Russel 2000 (RUT), and Dow Jones Industrial Average (DJI) look bullish, but the Nasdaq Composite ($COMP) is dropping back below its 50-day Simple Moving Average (SMA) on July 2nd, and the SOX firmly broke its uptrend on July 2nd. The Nasdaq 100 (NDX) is just above its 50-day SMA at the time of this writing, so more time is needed to make a technical determination.

" On the one hand, I could see a bounce in the chips stocks early in the week given the two-day 12% drop in the SOX, but I'm not sure how sustainable that bounce would be given the recent technical deterioration. Therefore, I'm providing a "Higher Volatility" forecast for the overall market next week, with a "cautious" stance on tech," Peterson said.

Is US Stock Market Open Or Closed On Monday, July 6?

As per the NYSE and Nasdaq holiday lists for 2026, there was only one special holiday for trading and that was on July 3rd for Independence Day. Hence, Wall Street is working on July 6, 2026.

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