The Dow, S&P 500 and Nasdaq all closed the week in the green. Trump’s trade advisor Peter Navarro ripped into Apple’s reliance on China on Monday. Leaving the country might be harder than Trump thinks, analysts say.
Dow approaches new record and S&P hits all-time high after stronger-than-expected jobs data
“Despite a 25% selloff earlier in the year followed by recovery, short interest in both the S&P 500 and Nasdaq has continued to rise steadily this year,” the researchers said. “Why buy META now, when META admits they are in front of a 2-3 year investment cycle with unknowable returns on invested capital,” the note said. “I’ve made my career on listening to the market, not Wall Street economists, so I’m going to stick with what the market’s telling me,” he added. Investors are also following along the progress on Trump’s tax megabill, which finally passed the Senate Tuesday and has since returned to the House. The bill is now headed for a final vote after the Republican-controlled House advanced the legislation Thursday.
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Wall Street was also monitoring developments on Capitol Hill as lawmakers in the House try to pass Trump’s “One Big, Beautiful Bill.” And investors were also keeping an eye out for developments on the trade front. Trump on Wednesday announced a trade deal with Vietnam. The US dollar index, which measures the dollar’s strength against six major foreign currencies, gained 0.45%. The dollar index was set for its biggest daily gain in nearly two weeks. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
“In contrast, most global markets have posted gains of 15% to 20%. Among major indices, only a few have underperformed the S&P, placing it well below the global average.” “A few Fed speakers have shown their inclination to cutting interest rates as early as this month. Today’s data of higher than expected payrolls, a drop in the unemployment rate and a fall in jobless claims completely dispels their case for imminent rate cuts and implies that there is absolutely no urgency for Fed support,” Shah said. Seema Shah, chief global strategist at Principal Asset Management, said in an email that the June jobs report signals rate cuts in July are likely off the table. While markets jumped higher, investors also noted caution. The breakdown of job growth showed a less rosy picture, with the private sector showing signs of weakness, according to Jim Baird, chief investment officer at Plante Moran Financial Advisors.
Martin upgraded basics of forex trading for beginners Meta Platforms to hold from underperform, saying in a note to clients that the Facebook-parent company has better labor productivity than eight other Big Tech and media peers that she covers. Meanwhile, the average duration of unemployment rose and the share of unemployed workers who have been out of a job for 27 weeks or longer edged closer to a three-year high. Stocks had jumped higher in the morning after new data showed the economy added 147,000 jobs in June, exceeding expectations.
Investors now await the Fed minutes and Delta’s earnings to see what’s next for the economy. U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting fresh record highs, after a better-than-expected jobs report fueled optimism the U.S. economy was hanging tough despite fast-changing trade policy and geopolitics. The strong jobs report also spurred a spike in Treasury yields and reduced expectations for the Federal Reserve to cut interest rates soon. Fed funds futures traders are currently pricing in a roughly 95% chance that the central bank will hold rates steady at its meeting later this month, per CME Group’s FedWatch tool.
Almost $4 trillion, Nvidia is again the most valued company
The Dow closed just 186 points away from hitting an all-time high. After a shortened trading day in advance of Friday’s July Fourth holiday, the Dow closed higher by 344 points, or 0.77%. The broader S&P 500 rose 0.83% and the tech-heavy Nasdaq Composite gained 1.02%. Please bear with us as we address this and restore your personalized lists.
Dow jumps more than 300 points, S&P 500 sets new record after strong June jobs report
Nonfarm payrolls rose by 147,000 in June, the Bureau of Labor Statistics reported Thursday. That’s above the Dow Jones forecast from economists for 110,000 and the upwardly revised 144,000 in May. The unemployment rate also fell to 4.1%, while economists had projected an increase to 4.3%.
- The Dow Jones, S&P 500, and Nasdaq futures showed modest movement after Trump extended the July 9 tariff start date to August 1, offering trading partners more time to negotiate.
- The labor market continues to prove resilient, which gives the Fed more time to hold rates steady and focus on how inflation is developing.
- Trump on Wednesday announced a trade deal with Vietnam.
- Shares of Datadog climbed 9% in Wednesday’s after-hours session after the stock was announced as the newest addition to the S&P 500.
- While markets jumped higher, investors also noted caution.
Online travel company Tripadvisor jumped after The Wall Street Journal reported, citing people familiar with the matter, that activist investor Starboard Value has taken a stake of more than 9%. U.S. futures were little moved following a vote by the House of Representatives to advance U.S. President Donald Trump’s tax and spending megabill, after a dramatic night of voting that was nearly derailed by Republican holdouts.
Datadog will be added prior to the opening of trading on Wednesday, July 9. The stock will replace Juniper Networks, which was acquired by Hewlett Packard Enterprise on July 2. Tripadvisor shares were last up more than 8% in extended trading. “While the investment community largely expected Robinhood or Applovin to join the index, DDOG was selected over these names as the company’s platform continues to gain momentum within the observability space especially with AI front and center,” Ives said. Wedbush analyst Dan Ives hiked his price target on cloud software maker Datadog to $170 from $140 after the company’s announced inclusion into the S&P 500 index.
U.S. markets are closed on Friday for Independence Day. Treasury yields jumped higher as investors dialed back expectations for future rate cuts from the Federal Reserve. The 10-year yield rose to 4.34% and the 30-year yield rose to 4.86%. The strong headline numbers provided relief for investors who were nervous about a potential slowdown in the economy as the president’s tariffs portend to impact business activity. Thursday’s report comes a day after ADP released data showing that private payrolls decreased by 33,000 last month, raising fears that perhaps the economy was starting to stumble under the weight of rapid policy changes out of Washington. Thursday’s official government data knocked down that notion.
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- U.S. markets are closed on Friday for Independence Day.
- “What we’ve seen so far is that tariffs haven’t hurt. The dog that didn’t bark is that tariffs were going to hurt the economy, were going to hurt the market,” Bessent said, noting that U.S. stocks are at record highs.
- Fed funds futures traders are currently pricing in a roughly 95% chance that the central bank will hold rates steady at its meeting later this month, per CME Group’s FedWatch tool.
- The Dow closed just 186 points away from hitting an all-time high.
US stock market steadied Tuesday as Trump’s tariff deadline delay gave investors hope for new global trade deals. The Dow Jones, S&P 500, and Nasdaq futures showed modest movement after Trump extended the July 9 tariff start date to August 1, offering trading partners more time to negotiate. Countries like South Korea, Malaysia, and Indonesia now have breathing space to respond. While markets remain cautious, the delay sparked optimism that Trump’s firm-yet-flexible stance may open the door for diplomatic progress.
Trump renewed his threat to hit major trading partners, sending stock markets tumbling. “What we’ve seen so far is that tariffs haven’t hurt. The dog that didn’t bark is that tariffs were going to hurt the economy, were going to hurt the market,” Bessent said, noting that U.S. stocks are at record highs. The Fed’s rate-cutting path has come under increased scrutiny in recent weeks as Trump has continued a tirade against Fed Chair Jerome Powell, lashing out at him for holding rates steady.
“Extreme greed” was the sentiment driving markets, according to CNN’s Fear and Greed index. Futures tied to the Dow Jones Industrial Average added 14 points, or less than 0.1%. S&P 500 futures and Nasdaq 100 futures climbed fractionally. S&P 500 short interest as a percentage of total float has climbed above 5.8% from about 5.4% when the year began, while Nasdaq-100 short interest has widened to about 6.1% from less than 5.2%.