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Tech Rotation Signals Market Strength | Business and Finance News
Description
Stock futures held steady as July trading kicked off with a mixed bag—major indices ended lower, especially in tech, where chip stocks took steep hits. But analysts see this as a healthy rotation, signaling a strong, diversified bull market. The big focus ahead? The June jobs report, expected to show 115K new jobs, which could shape the economy’s direction. Meanwhile, the Treasury unveiled “Trump Accounts” for kids under 18, starting July 4, with $1,000 for babies born 2025–2028 and up to $5K annual contributions. And in trade news, the U.S. will no longer renew the USMCA pact, opting for annual reviews instead.
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