US Stocks Reach New Highs Amid Strong Jobs Data and Economic Optimism
TL;DR Summary
The S&P 500 and Nasdaq hit record highs following a strong US jobs report that exceeded expectations, boosting investor optimism. Nvidia's market cap approached $4 trillion, and the market responded positively to economic data, with traders reducing expectations of a rate cut in July. The report showed significant job growth and a decrease in unemployment, contributing to the bullish market sentiment.
- S&P 500, Nasdaq close at records on jobs data; Nvidia market cap near $4 trillion Reuters
- Dow jumps more than 300 points, S&P 500 sets new record after strong June jobs report: Live updates CNBC
- Dow approaches new record and S&P hits all-time high after stronger-than-expected jobs data CNN
- S&P 500, Nasdaq clinch records for third time this week as optimism sweeps Wall Street Yahoo Finance
- US stocks set another record and yields leap on signals the US economy is solid AP News
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