U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.

In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.

wallstreetcnJul 6 09:30

Consumer Cos Climb on Strong Jobs Data - Consumer Roundup

Consumer companies rose amid deal activity. Luxury chain Saks Fifth Avenue agreed to buy rival Neiman Marcus for about $2.65 billion, with backing from Amazon.com, as high-end retailers fend off comp

Dow JonesJul 6 04:49

Why Macy's Stock Jumped Nearly 10% on Friday

Yahoo FinanceJul 6 04:39

These Stocks Moved the Most Today: Tesla, XPeng, Coinbase, Macy's, Amazon, Spirit Airlines, and More -- Barrons.com

By Joe Woelfel and Connor Smith Stocks closed higher Friday after U.S. employers added slightly more jobs than expected in June but the unemployment rate increased. These stocks made moves: Tesla r

Barron'sJul 6 04:27

Sector Update: Consumer Stocks Gain Late Afternoon

Consumer stocks were higher late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%. In corporate

MT NewswiresJul 6 04:00

Nasdaq, S&P 500 Rise to New Highs in Midday Friday Trading After June Jobs Report

The Nasdaq and S&P 500 were trading midday Friday above the record closing highs set on Wednesday, and government bond yields dropped as investors digested the June jobs report. The Nasdaq rose 0.7% t

MT NewswiresJul 6 01:03