US stock market today: Wall Street edges lower as AI-fuelled tech rally loses steam; investors await jobs data

US stock futures traded lower on July 2, 2026, as technology stocks extended their losing streak amid concerns that the AI-linked rally may have run too far. Nasdaq 100 futures fell 0.8% and S&P 500 futures slipped 0.2%, while Asian chipmakers SK Hynix and Samsung Electronics plunged over 8% and Kioxia Holdings tumbled 14% in Tokyo. Investors are now awaiting the US nonfarm payrolls report for cues on the Federal Reserve's policy outlook, while Brent crude fell below $71 a barrel to a four-month low on easing supply concerns.