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

Here are five important things investors should know before starting the trading day.

As the first half of the year comes to an end, tech stocks continue to lead the way. The tech-heavy Nasdaq Composite Index has risen 18.1% in the first half of the year as the artificial intelligence boom has excited investors. Meanwhile, the S&P 500 has risen 14.5%. The Dow Jones Industrial Average has lagged so far in 2024, rising only about 3.8%. All three indexes also saw positive growth in June. Meanwhile, Commerce Department data released on Friday showed inflation slowing to its lowest level in more than three years in May. With a view to a holiday-shortened trading week, investors will be keeping an eye on the June employment report due to be released on Friday morning. Follow the market updates in real time.

Boeing said Monday it would buy back plane maker Spirit AeroSystems in a stock swap for $4.7 billion. Including Spirit’s debt, the deal is valued at $8.3 billion. Boeing, which spun off Spirit in 2005, said reuniting the two companies would improve safety and quality control at a time when it faces increased scrutiny and numerous production problems. Meanwhile, the Justice Department plans to ask Boeing to plead guilty to charges it misled federal regulators in two 737 Max crashes that killed 346 people, according to lawyers for the victims’ families.

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

The Supreme Court issued a landmark decision on Friday that overturned the so-called Chevron doctrine, a 40-year-old rule that judges should defer to federal agencies when interpreting unclear laws. The U.S. Chamber of Commerce and Republican lawmakers applauded the 6-3 decision for limiting federal regulatory powers. The 1984 case, Chevron v. Natural Resources Defense Council, had been a target on the right, who argued it strengthened the power of “deep state” bureaucrats. This was the latest in a series of cases in which conservative Supreme Court justices have targeted the power of federal agencies.

Some companies took a more cautious stance this June for Pride Month. While previous months have seen a flurry of rainbow-themed ads, posts and other messages of support, others have been quiet about their diversity, equity and inclusion efforts. With a contentious presidential election looming, companies are trying to avoid getting drawn into the culture wars or facing backlash from conservative customers, as Target and Bud Light did a year ago with their Pride efforts. It’s hard to track the exact number of companies supporting LGBTQ+ causes, but Gravity Research president Luke Hartig said, “There’s a bit of a feeling of wanting to keep your head down during the election.” Still, GLAAD CEO Sarah Kate Ellis said more companies are participating in charitable giving and activism throughout the year.

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

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