Stock Market Today, July 1: Meta Shakes Up Cloud Sector and Tech Stocks Weigh on Markets

Major U.S. indexes declined on July 1, 2026, as tech profit-taking intensified and manufacturing growth slowed. Meta surged on cloud computing expansion plans, while chipmakers like Nvidia, Micron, and Sandisk fell sharply. The Nasdaq dropped 0.66%, the S&P 500 fell 0.22%, and the Dow slipped 0.03%. Fed Chair Kevin Warsh reaffirmed commitment to lowering inflation amid easing price pressures.