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The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed
By Chan Ho-Him, Associated Press at KPRC 2 / Click2Houston (NBC)
· July 2, 2026
· 4 min read
Most U.S. stocks rose on Thursday, and the Dow Jones Industrial Average rallied to another record, but more drops for computer chip companies and other winners of the artificial-intelligence boom kept indexes mixed. The S&P 500 finished the day virtually unchanged and edged up by less than 0.1%...
Key takeaway The S&P 500 finished the day virtually unchanged and edged up by less than 0.
Why this matters in The Pearland
The decline in Asian stocks, particularly in the chip sector, may have a ripple effect on the local economy in Pearland , given the city's proximity to Houston, a major hub for international trade and technology. The slump in chip shares, led by South Korea's Kospi index, could impact local businesses that rely on imports from Asia, potentially leading to increased costs and reduced profitability. Furthermore, the concerns over a potential glut in chip supply, fueled by massive investments from Big Tech companies, may also affect the local job market, as companies with operations in Pearland may reassess their investments and hiring plans. As the city continues to grow and attract new businesses, the volatility in the tech sector could be a key factor to watch, particularly in terms of its impact on the local workforce and economy. The city's residents and business owners will be closely monitoring the situation to gauge its potential effects on Pearland's economic development.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Pearland surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 2, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? Most U.S. stocks rose on Thursday, and the Dow Jones Industrial Average rallied to another record, but more drops for computer chip companies and other winners of the artificial-intelligence boom kept indexes mixed. The S&P 500 finished the day virtually unchanged and edged up by less than 0.1%...
When was this published? This article was first published on July 2, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Pearland readers.
Who reported this story? This story was reported by Chan Ho-Him, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Pearland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Pearland, or browse our daily briefing and topic hubs .
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