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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 KSAT 12 (ABC affiliate)
· 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 San Antonio
San Antonio 's own tech industry, though smaller in scale, is closely tied to the global market trends. The significant decline in Asian stocks, particularly in chip shares, may have a ripple effect on local businesses that rely on these technologies. With the city's growing presence in the cybersecurity and data science sectors, the potential slowdown in AI adoption could impact the growth prospects of San Antonio's startups and established companies alike. The concerns over a potential glut in supply and the massive investments made by Big Tech companies may also influence the decisions of local investors and entrepreneurs, potentially altering the trajectory of the city's tech ecosystem. As the global market continues to evolve, San Antonio's business leaders will be watching closely to see how these trends play out and how they can adapt to the changing landscape.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio 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 KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 2, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
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 KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Chan Ho-Him, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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