The S&P 500 and Nasdaq scaled new highs on Friday (July 2), with the S&P closing up for a seventh straight day, after jobs data for June showed robust hiring yet persistent weakness in the labor market that will keep the Federal Reserve from raising interest rates any time soon.
The S&P’s winning streak was its longest since August 2020.
The Dow Jones Industrial Average rose 152.82 points, or 0.44%, to 34,786.35, the S&P 500 gained 32.4 points, or 0.75%, to 4,352.34 and the Nasdaq Composite added 116.95 points, or 0.81%, to 14,639.33.
For the week, the S&P rose 1.7%, the Dow added 1.0%, the nasdaq gained 1.9%.
(Production: Hyeongmi Kim, Fred Katayama, Aleksandra Michalska)