“Despite a 25% selloff earlier in the year followed by recovery, short interest in both the S&P 500 and Nasdaq has continued to rise steadily this year,” the researchers said. “Why buy META now, when META admits they are in front of a 2-3 year investment cycle with unknowable returns on invested capital,” the note said. “I’ve made my career on listening to the market, not Wall Street economists, so I’m going to stick with what the market’s telling me,” he added. Investors are also following along the progress on Trump’s tax megabill, which finally passed the Senate Tuesday and has since returned to the House. The bill is now headed for a final vote after the Republican-controlled House advanced the legislation Thursday.
Wall Street was also monitoring developments on Capitol Hill as lawmakers in the House try to pass Trumpโs โOne Big, Beautiful Bill.โ And investors were also keeping an eye out for developments on the trade front. Trump on Wednesday announced a trade deal with Vietnam. The US dollar index, which measures the dollarโs strength against six major foreign currencies, gained 0.45%. The dollar index was set for its biggest daily gain in nearly two weeks. Copyright ยฉ 2025 FactSet Research Systems Inc.ยฉ 2025 TradingView, Inc.
Some Fed officials in recent weeks had signaled an openness to cutting rates in July. The labor market continues to prove resilient, which gives the Fed more time to hold rates steady and focus on how inflation is developing. The Bureau of Labor statistics reported Thursday that the economy added 147,000 jobs last month, beating out expectations. Economists polled by Dow Jones expected an increase of 110,000 jobs. “META’s business model was #1 in many labor productivity metrics in FY24. For example, META reported the highest free cash flow per full time employee for FY24 and the 3rd highest Rev/FTE for FY24,” the note said. Thursday was a shortened trading session, with the New York Stock Exchange and the Nasdaq closing at 1 p.m.
Apple, Google ordered to remove Deepseek app by German privacy regulator over data concerns
- The 10-year yield rose to 4.34% and the 30-year yield rose to 4.86%.
- Thursday’s official government data knocked down that notion.
- The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria.
- Tripadvisor shares were last up more than 8% in extended trading.
- Datadog will be added prior to the opening of trading on Wednesday, July 9.
- Todayโs data of higher than expected payrolls, a drop in the unemployment rate and a fall in jobless claims completely dispels their case for imminent rate cuts and implies that there is absolutely no urgency for Fed support,โ Shah said.
The Dow closed just 186 points away from hitting an all-time high. After a shortened trading day in advance of Fridayโs July Fourth holiday, the Dow closed higher by 344 points, or 0.77%. The broader S&P 500 rose 0.83% and the tech-heavy Nasdaq Composite gained 1.02%. Please bear with us as we address this and restore your personalized lists.
Dow Jones Industrial Average .DJI:Dow Jones Global Indexes
The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent forex money manager Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Like the Swiss Market Index (SMI), the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it.
Meanwhile, after President Donald Trump announced the U.S.-Vietnam trade agreement Wednesday, investors eagerly awaited any potential future deal announcements as the president’s early July deadline on his 90-day tariff pause approaches next week. While the market trading at all-time high levels leaves it open to downside, especially if Trump chooses to be “really tough” in negotiations, Ellerbroek believes the market is ultimately taking a more optimistic view. โThe June jobs report is like a summer blockbuster โ plenty of action and a surprise twist. Despite tariffs, DC drama and global headwinds, the US labor market just pulled off a better-than-expected performance,โ Gina Bolvin, president of Bolvin Wealth Management Group, said in an email. S3 noted that while the &P 500 has steadily recovered to new all-time highs, the index is only 6% higher for the year through Wednesday.
Dow Jones LIVE CHART
The Russell 2000 rose 0.6% in Thursday morning trading, pulling it into positive territory on the year. On Tuesday, Burford said that the Senate Parliamentarian had ruled that proposed tax provisions relating to litigation finance included in the Senate’s draft of the budget reconciliation bill “are not eligible for inclusion in the bill.” The Treasury Secretary also downplayed the idea that the tariffs are hurting the U.S. economy.
- Please bear with us as we address this and restore your personalized lists.
- On Tuesday, Burford said that the Senate Parliamentarian had ruled that proposed tax provisions relating to litigation finance included in the Senate’s draft of the budget reconciliation bill “are not eligible for inclusion in the bill.”
- Trump’s trade advisor Peter Navarro ripped into Apple’s reliance on China on Monday.
- The Bureau of Labor statistics reported Thursday that the economy added 147,000 jobs last month, beating out expectations.
Stocks open higher
Martin upgraded Meta Platforms to hold from underperform, saying in a note to clients that the Facebook-parent company has better labor productivity than eight other Big Tech and media peers that she covers. Meanwhile, the average duration of unemployment rose and the share of unemployed workers who have been out of a job for 27 weeks or longer edged closer to a three-year high. Stocks had jumped higher in the morning after new data showed the economy added 147,000 jobs in June, exceeding expectations.
Dow Jones Industrial Average Index
However, Martin stayed at just a hold rating because labor productivity appears to be slowing at the same other spending, like capital expenditures and the investments in Scale AI, are growing. By contrast, Centene hit a new 52-week low in the session, with shares trading at lows not seen since March 2017. All three major U.S. averages closed out the week in positive territory. The S&P 500 and Nasdaq Composite were up 1.7% and 1.6% week to date, respectively, while the Dow posted a 2.3% gain for the period. “We will see a real tariff impact for a lot of businesses, but the market is going to digest that without too much trouble,” he also said.
US stock market steadied Tuesday as Trump’s tariff deadline delay gave investors hope for new global trade deals. The Dow Jones, S&P 500, and Nasdaq futures showed modest movement after Trump extended the July 9 tariff start date to August 1, offering trading partners more time to negotiate. Countries like South Korea, Malaysia, and Indonesia now have breathing space to respond. While markets remain cautious, the delay sparked optimism that Trumpโs firm-yet-flexible stance may open the door for diplomatic progress.
Nonfarm payrolls rose by 147,000 in June, the Bureau of Labor Statistics reported Thursday. That’s above the Dow Jones forecast from economists for 110,000 and the upwardly revised 144,000 in May. The unemployment rate also fell to 4.1%, while economists had projected an increase to 4.3%.
Traders now expect just a 4.7% chance the Fed cuts rates in July, down from a 23.8% chance yesterday, according to the CME FedWatch Tool. With the trade war back in focus this week, investors are wondering Trump will once again ease his toughest tariff talk and avoid roiling stocks. Shares of Datadog climbed 9% in Wednesday’s after-hours session after the stock was announced as the newest addition to the S&P 500.
The Dow, S&P 500 and Nasdaq all closed the week in the green. Trump’s trade advisor Peter Navarro ripped into Apple’s reliance on China on Monday. Leaving the country might be harder than Trump thinks, analysts say.
In weekend vote, Senate meets Trumpโs tax, spending reduction deadline.
โExtreme greedโ was the sentiment driving markets, according to CNNโs Fear and Greed index. Futures tied to the Dow Jones Industrial Average added 14 points, or less than 0.1%. S&P 500 futures and Nasdaq 100 futures climbed fractionally. S&P 500 short interest as a percentage of total float has climbed above 5.8% from about 5.4% when the year began, while Nasdaq-100 short interest has widened to about 6.1% from less than 5.2%.
