Tanjiro.Kamado
Active member
On Friday, U.S. stocks rose as major tech companies performed well and Treasury yields fell following important labor market data. The Nasdaq Composite surged 0.9% to hit a record high for the fourth straight session, while the S&P 500 gained 0.5% to achieve its third record of the week. The Dow Jones Industrial Average increased 0.2%, ending the week 0.7% higher. Both the S&P 500 and Nasdaq had their best week since April, up 1.9% and 3.5%, respectively. The U.S. added 206,000 jobs in June, aligning with predictions, though the unemployment rate rose slightly to 4.1% and annual wage growth slowed. This contrasted with earlier reports showing stronger job openings and weaker private payrolls. Treasury yields declined as the Federal Reserve seeks evidence of moderating hiring and wage growth to manage inflation without causing a recession. Meanwhile, cryptocurrencies fell due to a significant payout from the Mt. Gox exchange, the dollar and oil prices dipped, and precious metals saw gains. Markets were closed on Wednesday for Independence Day, following record highs in the Nasdaq and S&P 500 driven by optimistic expectations for future interest rate cuts. 
Thanks for pointing that out!
