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Tech Stocks Fall Ahead of US Payrolls; Apple, OpenAI Bid with Government | Bloomberg Brief 7/2/2026

Source: bloombergMarkets July 2, 2026 · 04:17
Technology stocks fall ahead of the US June payrolls report. The yen strengthens sharply against the dollar as traders stay alert for a potential intervention from the Japanese government. Apple is said to have appealed to the Trump administration in an effort to buy Chinese-made memory chips from firms on Pentagon's blacklist. OpenAI is reportedly having discussions about giving the US government a 5% stake in the company. Veronica Clark of Citi looks ahead to the June jobs report. (Source: Bloomberg)
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