The June jobs report, set for release Thursday, is expected to end the holiday-shortened week with a bang. Any labor market weakness will be closely watched as it could strengthen the case for an interest rate cut from the Federal Reserve sooner rather than later.

US stocks on the S&P 500, Nasdaq and Dow rose as job data exceeded market expectations amid Trump tariff concerns. Job data revealed the addition of 147,000 jobs in June 2025.

US stocks edged higher, with the S&P 500 reaching a new high, as strong jobs data tempered expectations for a July rate cut by the Federal Reserve, causing Treasury yields to surge. The market rally followed a surprisingly robust US jobs report,