The stock indicators achieved a new record on Thursday, heading to the long weekend after a job report showed a stronger recruitment photo in June, which Wall Street was afraid.
The S&P 500 increased by 0.8 %, putting the highest level ever for the fourth time in five days. the Dao The industrial average Jones added 344 points, or 0.8 %, and Nasdak The boat got 1 %.
The market gains were widespread, and companies whose profits could get the largest reinforcement when workers feel the confidence that helped drive the road. Expedia increased by 3.2 %, and a 2.9 % Norwegian flight line.
Bank shares were also strong with Citigroup It reaches 2.3 %, and Jpmorgan Chase 1.9 %.
The reaction was greater in the bond market in the wake of the report issued by the United States government, which said that employers added 147,000 other jobs to salary statements last month than they threw. A separate report indicated that fewer workers applied for help from work last week than expected, indicating that the demobilization of workers had eased.
The unexpected acceleration in employing the labor market signals in the United States. President Donald Trump’s tariff The budget bill, which defends $ 4.5 trillion, will affect inflation.
“There is nothing complaining about here,” according to Karl Winberg, the chief economist in high frequency economics. “You can’t find any evidence that there is a recession in these numbers.”
The return on the bond market jumped where investors are betting that the best data expected can keep the federal reserve suspended when it comes to interest rates, instead of cutting it like Trump.
Traders in the futures market market now see a chance of less than 5 % that the Federal Reserve can reduce the main interest rate at its next meeting later this month. This decreased sharply from the opportunity of approximately 24 % who saw him just one day, according to data from CME collection.
The Fed, Jerome Powell, insists that he wants to wait and see how Trump’s tariff affects the economy and inflation before doing it. While low prices give a boost to the economy by facilitating money borrowing, they can give inflation more fuel. This may be dangerous if Trump’s tariff is about to send inflation up.
Many of Trump’s proposed taxes are currently stopping on imports, but they are scheduled to kick next week unless Trump reaches deals with other countries to reduce them.
Many American companies in the service industries still say they are interested in the effects of customs tariffs, even if they returned to growth last month after the shrinking of May, according to the latest poll conducted by the show management institute.
One of the companies in the agricultural, forestry, fishing and fishing industry in the survey said: “Increased cost from definitions and the capabilities of definitions affects increased costs.”
The return on the cabinet increased for 10 years to 4.34 % from 4.30 % late on Wednesday. The return of the Treasury Ministry jumped for two years, which moves closely with the expectations of the Federal Reserve, more. It rose to 3.88 % of 3.78 %.
In Wall Street, DATADOG 14.9 % gathered after learning that its shares would join the widely followed S&P 500 index before trading began on Wednesday. Many money managers mimic either directly or at least compare themselves against the S&P 500, pushing the investment in any share that joins the indicator.
It will replace Datadog Juniper networksThat includes with Hewlett Packard Enterprise In the process of merging.
On the losing side of Wall Street, companies that could feel pain were of interest rates that remain high.
Home builders would like to decrease rates in order to make mortgages cheaper, for example, and Soft 4.1 % sank, while Dr. Horton 2.7 % decreased.
Finally, the S&P rose 500 51.93 points to 6,279.35. Dow Jones 344.11 to 44,828.53 added, and the Nasdaq 207.97 boat rose to 20,601.10.
In stock markets abroad, indexes have risen in most parts of Europe and Asia. South Korea Cuban increased by 1.3 %, and Hang Kong Hang Singh decreased by 0.6 % for two of the largest movements.
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The AP Teresa Cerojano and Matt OTT book contributed.
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