📈 Global Markets Surge into July: Tel Aviv Leads, Nasdaq Hits Record High – Morning Overview for July 3, 2025

Global financial markets extended their upward momentum on Wednesday, with U.S. indices reaching new highs and the Tel Aviv Stock Exchange showing strong gains across nearly all major indices. Positive economic data, a new U.S.–Vietnam trade agreement, and growing confidence in tech stocks are fueling investor optimism.

🇺🇸 United States: Nasdaq Hits Record, Small Caps Outperform

Wall Street closed with gains ahead of today’s early close for the Independence Day holiday:

• Russell 2000 jumped 1.31% to 2,226.38
• Nasdaq rose 0.94% to an all-time high of 20,393.13
• S&P 500 gained 0.47%, closing at 6,227.42
• Dow Jones slipped slightly by 0.02% to 44,484.42

The VIX (volatility index) dropped 1.13% to 16.64, signaling reduced investor fear.

Tesla soared 4.97% after beating Q2 delivery expectations. Oracle rose 5.03% thanks to a new data deal with OpenAI, and Nike climbed 4.1% amid positive trade-related sentiment.

🇪🇺 Europe: Moderate Gains Across the Continent

European markets ended higher with France in the lead:

• CAC 40 (France) up 0.99% to 7,738.42
• DAX (Germany) gained 0.49% to 23,790.11
• EURO STOXX 50 added 0.69%
• FTSE 100 (UK) declined slightly by 0.12%

🌏 Asia: Mixed Results, Hang Seng Down Sharply

• KOSPI (South Korea) up 0.99%
• SENSEX (India) up 0.39%
• Shanghai Composite rose 0.03%
• Nikkei 225 (Japan) dipped 0.04%
• Hang Seng (Hong Kong) fell 1.09%

🛢 Commodities: Gold Steady, Oil Slips

• Gold: $3,364.80 per ounce (+0.15%)
• Silver: $36.64 (-0.22%)
• Crude Oil: $66.92 (-0.79%)
• Brent Oil: $68.53 (-0.84%)
• Natural Gas: $3.48 (-0.14%)

💱 Currencies: Dollar Slightly Stronger

• EUR/USD: 1.1790 (+0.02%)
• USD/JPY: 143.88 (+0.16%)
• USD/GBP: 0.7337 (+0.19%)
• USD/CAD: 1.3599 (+0.08%)

📉 U.S. Treasury Bonds: Yields Edge Higher

• 10-Year Yield: 4.293% (+0.99%)
• 30-Year Yield: 4.823% (+0.92%)
• 5-Year Yield: 3.870%
• 13-Week Bill: 4.223%

🇮🇱 Israel: Tel Aviv Roars Back – TA-35 Crosses 3,000 Points

The Tel Aviv Stock Exchange had a powerful day:

• TA-35 soared 1.9% to 3,003.02
• TA-125 gained 1.77% to 3,078.71
• TA-Banks climbed 2.11%
• TA-Financials surged 2.22%
• TA-90 added 1.39%
• TA-Technology gained 0.84%
• TA-Oil & Gas rose 1.81%

In total: 253 stocks advanced, 115 declined, and 11 remained unchanged.

📊 Sector Highlights (U.S. YTD Performance):

• Technology: +6.83%
• Financials: +10.35%
• Communications: +10.64%
• Industrials: +11.42%
• Basic Materials: +15.55%
• Healthcare: -1.68%

🚀 Top Movers

• Rigetti Computing (RGTI) +15.45%
• Tilray (TLRY) +15.09%
• Webull (BULL) +11.54%
• IonQ (IONQ) +11.60%
• Mogo (MOGO) +112.40%
• Sonnet BioTherapeutics (SONN) +242.97%

🧭 Summary

Global equities remain strong as investor sentiment improves. Nasdaq hit new records, S&P 500 climbed steadily, and Tel Aviv showed impressive breadth with gains in banks, tech, and energy. Today (Thursday), U.S. markets will close early at 1 p.m. ET for the July 4th holiday, and Friday the markets will be closed.

The next key data point: Friday’s U.S. jobs report, which could influence Fed policy and determine market direction for July.