Tech Stocks Fall Ahead of US Payrolls; Apple, OpenAI Bid with Government | Bloomberg Brief 7/2/2026

Technology stocks declined ahead of the June payrolls report release. The Japanese yen strengthened against the dollar on July 2, 2026. Bloomberg reported that Apple appealed to the Trump administration regarding the purchase of Chinese-made memory chips from companies on the Pentagon's blacklist. Bloomberg reported that OpenAI held discussions about providing the US government a 5% stake in the company.

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