Stocks, bond yields, and the dollar all climbed Thursday after a stronger-than-expected June jobs report eased investor concerns about the U.S. economy.
The Dow Jones Industrial Average rose 344 points, or 0.77%, while the S&P 500 gained 0.83% and the Nasdaq jumped 1.02%, with both the S&P and Nasdaq closing at record highs.
The Dow ended just 186 points shy of its own all-time high ahead of the July Fourth holiday.
The Labor Department reported that the U.S. added 147,000 jobs in June, beating expectations. The unemployment rate fell to 4.1% from 4.2%, providing a dose of optimism for markets concerned about trade policy risks.
“The June jobs report is like a summer blockbuster — plenty of action and a surprise twist,” said Gina Bolvin of Bolvin Wealth Management Group. “Despite tariffs and global headwinds, the labor market delivered.”
