Dow and S&P Reach New Highs Amid Strong Jobs Data
The stock market rallied with the Dow up 344 points and the S&P 500 reaching a new high, driven by a surprisingly strong June jobs report showing 147,000 new jobs and a lower unemployment rate. Several stocks, including solar and industrial companies, broke out, and market expectations for Federal Reserve rate cuts decreased. Economic data and corporate earnings influenced market movements, with notable gains in tech and EV stocks.