🔍 Market Recap: Job‑Fueled Rally & Record Highs

The S&P 500 and Nasdaq both closed at fresh records, supported by June’s stronger‑than‑expected jobs report—147,000 new hires vs. the forecasted 110,000, and the unemployment rate ticking down to 4.1%. The Dow added about 0.8%, while the Russell 2000 was up ~1%, rounding off a strong week for U.S. stocks

🏦 Fed Outlook: Rate Cuts on Hold

That robust labor data dimmed the chances of a Federal Reserve rate cut this month, moving expectations from a July move to likely later this year—maybe two cuts by year-end—according to analysts at Truis. Bond yields edged higher, and the dollar strengthened.

🚀 Tech Titans in Focus

Nvidia (NVDA)

Shares gained ~2%, propelled by enthusiasm over their AI chips nearing a $4 trillion market cap.

Tesla (TSLA)

Ticker: TSLA
Tesla’s shares ticked down ~0.1–0.5% today to around $315.35 after reporting 384,122 Q2 deliveries—slightly below expectations but better than feared. Goldman Sachs maintained a neutral rating with a $315 target, while HSBC remains bearish at $120. Meanwhile, Tesla faces structural pressure with German sales down 60% YoY

Apple (AAPL)

Ticker: AAPL
Apple rose ~0.5% to $213.55 after chatter about expanding its AI strategy, potentially integrating tech from OpenAI or Anthropic.

Alphabet (GOOGL)

Ticker: GOOGL
Alphabet climbed ~0.5% to $179.53 amid investor debate over AI threats to search and antitrust risks, but sentiment remains upbeat around YouTube, Cloud, and Gemini.

🪙 Other Notable Movers

• Synopsys (SNPS) & Cadence Design Systems (CDNS) surged nearly 5% after U.S. eased export restrictions on chip-design software to China

• Datadog (DDOG) jumped ~15% on news it’ll join the S&P 500 on July 9

• Lucid (LCID) rose ~5.4%, while Rivian (RIVN) gained ~1.6% amid mixed EV delivery updates

🌍 Trade & Geo Policy Update

U.S. clinched a tariff-deal with Vietnam—20% tariffs on imports—which lifted stocks like Nike (NKE) (~4.1%) and On Holding (ONON)

Meanwhile, upbeat news from the U.K.—a dovish Bank of England and stable service-sector data—supported FTSE gains and eased bond yield pressures

🧭 Key Takeaways

• Momentum continues, but robust jobs data delays Fed rate cuts

• Tech remains central, driven by AI, deliveries, and supply‑chain forces

• Geopolitical updates like trade deals are breathing life into cyclicals and industrials

🔧 What to Watch Next

• Further Fed commentary after the holiday

• Q2 earnings for Tesla, Apple, and Alphabet

• Additional U.S. jobs and ISM data