US stocks wavered at the start of July as investors digested mixed economic signals and prepared for upcoming reports. The ISM manufacturing index showed continued contraction in June, albeit with moderating prices. Traders are reassessing strategies in light of recent political developments, including the French election and the US presidential race. While European markets rallied on reduced fears of extreme policies in France, US markets remained cautious. Tech stocks, particularly Nvidia, faced pressure, while Treasury yields rose slightly. Investors are now focusing on upcoming economic data, especially Friday’s US jobs report, to gauge the market’s direction.