CNBC Business News Update Market Close: Stocks Higher, S&P 500 Index & Nasdaq Close At New Record Highs, More Jobs Created In June Than Forecast, No Trading On July 4th 7/3/25
Jul 3, 2025
The discussion kicks off with Wall Street's remarkable rise, showcasing record highs for the S&P 500 and NASDAQ just before the Fourth of July. There's a spotlight on June's job creation, with 147,000 new positions filled, mainly in government. The hosts weave in a playful nod to summer blockbusters while exploring economic uncertainties. Listeners are left with a sense of optimism for the markets as July approaches.
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Markets Hit Record Highs
- The S&P 500 and NASDAQ reached fresh all-time highs heading into the July 4th holiday.
- The Dow is close to a record, fueled by a stronger than expected June jobs report.
July Market Seasonality Strong
- July seasonality tends to be very positive even after strong May and June gains.
- This can create one of the strongest two-week market periods.
June Jobs Report Details
- June jobs report showed 147,000 jobs added, beating expectations mainly due to government hiring.
- Private sector growth was weak, the weakest since October 2024.