5 things to know before the stock market opens on Monday, July 1

Here are the top five things investors need to know to start day trading:

The first half of the year is over and tech stocks continue to lead the way. Heavy technology Nasdaq Composite rose 18.1% in the first six months of the year as the artificial intelligence craze excited investors. of S&P 500, meanwhile, jumped by 14.5%. of Dow Jones Industrial Average has been stagnant so far in 2024, growing only about 3.8%. All three indices had positive growth for the month of June as well. Meanwhile, data from the Commerce Department released on Friday showed that inflation in May slowed to the lowest annual level in more than three years. Looking ahead to the holiday-shortened trading week, investors will be watching for the June jobs report, due on Friday morning. Follow live market updates.

Boeing said Monday it will buy back planemaker Spirit AeroSystems in a deal worth $4.7 billion. Including Spirit’s debt, the deal has a transaction value of $8.3 billion. Boeing, which was spun off from Spirit in 2005, said reuniting the two companies would improve safety and quality control at a time when Boeing is facing increasing scrutiny and a host of manufacturing problems. Meanwhile, the Justice Department plans to seek a guilty plea from Boeing for defrauding a federal regulator over the two fatal 737 Max crashes that killed 346 people, according to lawyers for the victims’ family members.

The next billion dollar movie has come with all the excitement that comes with that achievement. Disney and Pixar’s animated film “Inside Out 2” had earned $1.014 billion worldwide as of Sunday. It’s the highest-grossing film of 2024 so far, and the first to reach $1 billion at the global box office since Warner Bros.’ hit “Barbie” last summer. It’s a big win for Pixar, which has been stagnant at the box office since the pandemic. “Inside Out 2” also underscores how important the family audience is to the box office.

The Supreme Court issued a major ruling Friday overturning the so-called Chevron doctrine, which had dictated for four decades that judges must turn to federal agencies when trying to interpret a law with ambiguous language. The U.S. Chamber of Commerce and Republican lawmakers praised the 6-3 decision, which limits the power of federal agency regulators. The earlier precedent set in 1984 in Chevron v. Natural Resources Defense Council had been a target of the political right, which argued that it strengthened the power of “deep state” bureaucrats. It was the latest in a string of rulings in which conservative Supreme Court justices took aim at the power of federal agencies.

Some companies took a more cautious approach to Pride Month this June. While the month has brought a flurry of rainbow-themed ads, tweets, and other supportive messages in the past, some companies have been quieter about their diversity, equality, and inclusion efforts. A contentious presidential election is approaching, and companies are trying to avoid getting into the culture wars or facing blowback from conservative customers, as Target and Bud Light did a year ago with their Pride efforts. It’s hard to track the exact numbers for companies supporting LGBTQ+ causes, but Gravity Research President Luke Hartig said, “There are a few words, ‘keeping our heads down as we go through this election.’ However, GLAAD CEO Sarah Kate Ellis noted that she is seeing more companies get involved in philanthropy and activism throughout the year.

– CNBC’s Samantha Subin, Hakyung Kim, Leslie Josephs, Sarah Whitten, Josephine Rozzelle, Mary Catherine Wellons and Melissa Repko, and NBC’s Lawrence Hurley contributed to this report.

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