The U.S. stock market showed mixed movements across major indices in its session that closed on the morning of July 3, Korean time.

Expectations grew that the burden on the Federal Reserve's (Fed) monetary policy would ease as employment-related indicators suggested a possible economic slowdown, prompting the Dow Jones Industrial Average to set another all-time high. Meanwhile, the Nasdaq ended lower as profit-taking continued in technology stocks, centered on semiconductors.

On this day, the Dow Jones Industrial Average closed at 52,900.07, up 594.83 points (1.14%) from the previous trading day. The S&P 500 index fell 0.53 points (0.01%) to 7,482.70, showing a slight decline, while the Nasdaq Composite finished down 207.36 points (0.80%) at 25,832.67. The Russell 2000 index, composed of small- and mid-cap stocks, also recorded 2,994.93, down 17.66 points (0.59%).

Investors' attention was focused on the U.S. employment indicators released on this day. As new hiring fell short of market expectations, the perception emerged that concerns over further tightening had somewhat eased, drawing inflows into economically sensitive stocks and some value stocks.

On the other hand, profit-taking continued in semiconductor and artificial intelligence (AI)-related stocks, which had recently seen significant gains. This dampened overall investment sentiment in major tech stocks, making the Nasdaq's relative weakness more pronounced.

By sector, industrials and consumer-related stocks showed relatively steady trends, while semiconductor and AI-related stocks generally underperformed.

Some market analyses suggest that this is the result of both portfolio rebalancing and profit-taking demand ahead of the U.S. Independence Day holiday weekend.