By John Meyer, consultant in financial affairs – Eurasia Business News, July 3, 2025. Article no. 1594
U.S. stocks reached new record closing highs following a stronger-than-expected June jobs report. The S&P 500 rose to a record for the seventh time this year, closing around 6,279, while the Nasdaq also ended the shortened trading week at an all-time high above 20,393. The Dow Jones Industrial Average gained about 0.77%, closing near 44,828 points.
The June jobs report showed 147,000 new jobs added in the U.S. economy, surpassing expectations of around 110,000, and the unemployment rate unexpectedly fell to 4.1%, down from 4.2% in May. This stronger labor market data eased recession fears but also reduced expectations for an imminent Federal Reserve interest rate cut in July. Forecasters had expected the jobless rate to inch up to 4.3%.
Investor optimism was further boosted by President Trump’s announcement of a trade deal with Vietnam, which helped lift the S&P 500 and Nasdaq to record levels. The deal includes tariffs on imports from Vietnam and goods routed through Vietnam, improving market sentiment amid ongoing trade negotiations.
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The combination of a robust jobs report and positive trade developments propelled U.S. stocks to fresh record highs, with the S&P 500 and Nasdaq leading the gains during a shortened trading week ahead of the Independence Day holiday.
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© Copyright 2025 – Eurasia Business News. Article no. 1594.
Eurasia Business News 