Traders Work at the New York Stock Exchange on July 2, 2025.
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The S & P 500 Rose on first features after prepaid How, A New Report Showing Private Payrolls Surprisingly Decreed in June, Whiche Raised Concers Over the State of the Us Economy.
The Broad Market Index Gained 0.47% and Closed at 6,227.42. The S & P 500 Scored a Fresh ALL-TIME INTRADAY High And Closed at a Record. The Nasdaq composite Advanced 0.94% and posted a Record Close of 20,393.13. The Download Jones Industral Average Slipped 10.52 Points, Or 0.02%, and ended at 44,484.42.
The S & P 500 Saw a Boost after Trump posted on Truth Social About the Deal Between the US and Vietnam. The Deal Includes a 20% Tarif on Imports from Vietnam. Shares of NikeWhofactures Approximately Half of Its Footwear in Vietnam as well as China, Were 4% High.
Earlier Wednesday, Stocks CAM UNDER SONE PRESSURE after That marks the first month decline in adp’s payrolls Report SINCE March 2023. Economists Polled by Download Jones Expected Payrolls To Grow by 100,000.
“We, Frankly, Have Been See A Weakening of the Labor Market for Moths and Months now [Federal Reserve] To Pay a Little Bit More Atting to the Labor Market as Opposed to the Infield Pictite, “Ross Mayfield, Investment Strategist at Baired, Told Cnbc.” This is, on that frating, What will Hopefully Catch Some Atting. “
To be very, the adp report has a lotuster record is the authornment’s Monthly Nonfarm Payrolls Report, which is Due Out Thursday. Economists Expectth Growth of 110,000 Jobs for June.
How, if the upcoming joys data follows Sam Stovall. There’s Already Been Growing Expectations for the Fed Lowering Rates at Its July Meeting, as the CME Group’s Fedwatch tool Shows a Roughly 23% Chance of a Cut, up from Almost 21% a day before.
“If we end up having a fairly weak employment report, then that cound Allow the Fed to Be Cutting Rates,“ SAID Sam Stovall, Chief Investment Strategist at CFRA Research. He also pointed out that fed chair jerome power recently confirmed that center bank would have had rats by now if it wasoun for Trump’s Tarif Plans Annouced Earlier This Year.
“If that was the case for it, it is cough be the case now, Especially if we have weaker-than-eXpeted employment data,” Stovall Added.
Traders Were Also Keeping An Eye on Trump’s Tax-Apending Bill, Whiche Narrowly Passed the Senate on Tuesday. The Measure Returns to the House, where there are still Hold-Outs Among Gop Lawmakers.
