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 forex trading sessions, best time to trade forex market rate also fell to 4.1%, while economists had projected an increase to 4.3%.
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.
How major US stock indexes fared Monday, 6/23/2025
However, Martin stayed at just a hold rating because labor productivity appears to be slowing at the same other spending, like capital expenditures and the investments in Scale AI, are growing. By contrast, Centene hit a new 52-week low in the session, with shares trading at lows not seen since March 2017. All three major U.S. averages closed out the week in positive territory. The S&P 500 and Nasdaq Composite were up 1.7% and 1.6% week to date, respectively, while the Dow posted a 2.3% gain for the period. “We will see a real tariff impact for a lot of businesses, but the market is going to digest that without too much trouble,” he also said.
The Russell 2000 rose 0.6% in Thursday morning trading, pulling it into positive territory on the year. On Tuesday, Burford said that the Senate Parliamentarian had ruled that proposed tax provisions relating to litigation finance included in the Senate’s draft of the budget reconciliation bill “are not eligible for inclusion in the bill.” The Treasury Secretary also downplayed the idea that the tariffs are hurting the U.S. economy.
Why some investors are calm about Trump’s tariffs
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.
“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.
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.
Dow Jones LIVE CHART
- Trump’s trade advisor Peter Navarro ripped into Apple’s reliance on China on Monday.
- On Tuesday, Burford said that the Senate Parliamentarian had ruled that proposed tax provisions relating to litigation finance included in the Senate’s draft of the budget reconciliation bill “are not eligible for inclusion in the bill.”
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- Meanwhile, after President Donald Trump announced the U.S.-Vietnam trade agreement Wednesday, investors eagerly awaited any potential future deal announcements as the president’s early July deadline on his 90-day tariff pause approaches next week.
Traders now expect just a 4.7% chance the Fed cuts rates in July, down from a 23.8% chance yesterday, according to the CME FedWatch Tool. With the trade war back in focus this week, investors are wondering Trump will once again ease his toughest tariff talk and avoid roiling stocks. 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.
Markets
- Datadog will be added prior to the opening of trading on Wednesday, July 9.
- 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 10-year yield rose to 4.34% and the 30-year yield rose to 4.86%.
- Thursday’s official government data knocked down that notion.
- The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria.
The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Like the Swiss Market Index (SMI), the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
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.
Some Fed officials in recent weeks had signaled an openness to cutting rates in July. The labor market continues to prove resilient, which gives the Fed more time to hold rates steady and focus on how inflation is developing. The Bureau of Labor statistics reported Thursday that the economy added 147,000 jobs last month, beating out expectations. Economists polled by Dow Jones expected an increase of 110,000 jobs. “META’s business model was #1 in many labor productivity metrics in FY24. For example, META reported the highest free cash flow per full time employee for FY24 and the 3rd highest Rev/FTE for FY24,” the note said. Thursday was a shortened trading session, with the New York Stock Exchange and the Nasdaq closing at 1 p.m.
Meanwhile, after President Donald Trump announced the U.S.-Vietnam trade agreement Wednesday, investors eagerly awaited any potential future deal announcements as the president’s early July deadline on his 90-day tariff pause approaches next week. While the market trading at all-time high levels leaves it open to downside, especially if Trump chooses to be “really tough” in negotiations, Ellerbroek believes the market is ultimately taking a more optimistic view. “The June jobs report is like a summer blockbuster — plenty of action and a surprise twist. Despite tariffs, DC drama and global headwinds, the US labor market just pulled off a better-than-expected performance,” Gina Bolvin, president of Bolvin Wealth Management Group, said in an email. S3 noted that while the &P 500 has steadily recovered to new all-time highs, the index is only 6% higher for the year through Wednesday.
“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%.
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.
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