Dow Jumps Over 200 Points; US Nonfarm Payrolls Beat Estimates

Benzinga
03 Jul

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Thursday.

Following the market opening Thursday, the Dow traded up 0.54% to 44,725.87 while the NASDAQ gained 0.61% to 20,518.19. The S&P 500 also rose, gaining, 0.51% to 6,259.36.

Check This Out: Top 3 Financial Stocks You May Want To Dump This Quarter

Leading and Lagging SectorsUtilities shares jumped by 0.9% on Thursday.

In trading on Thursday, consumer staples stocks slipped by 0.01%.

Top Headline

Nonfarm payrolls increased by 147,000 in June, the strongest reading so far in 2025, up from an upwardly revised 144,000 in May and well above economists' expectations of 110,000.

The unemployment rate dipped to 4.1% from 4.2%, also beating forecasts for a rise to 4.3%. It marks the lowest unemployment rate since January 2025.

Equities Trading UP           

  • Global Interactive Technologies, Inc. (NASDAQ:GITS) shares shot up 142% to $3.92.
  • Shares of La Rosa Holdings Corp.  (NASDAQ:LRHC) got a boost, surging 107% to $0.1658 after the company reported preliminary unaudited revenue of $38.4 million for the first half of 2025.
  • Lixte Biotechnology Holdings, Inc. (NASDAQ:LIXT) shares were also up, gaining 98% to $4.01. Lixte Biotechnology announced the closing of $5.0 million private placement priced at the market.

Equities Trading DOWN

CommoditiesIn commodity news, oil traded down 0.5% to $67.10 while gold traded down 0.4% at $3,345.10.

Silver traded up 0.8% to $37.025 on Thursday, while copper fell 0.5% to $5.1695.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.4%, while Spain's IBEX 35 Index rose 0.5%. London's FTSE 100 rose 0.5%, Germany's DAX 40 gained 0.4% and France's CAC 40 gained 0.3% during the session.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with Japan's Nikkei gaining 0.06%, Hong Kong's Hang Seng falling 0.63%, China's Shanghai Composite gaining 0.18% and India's BSE Sensex falling 0.20%.

Economics

  • Nonfarm payrolls increased by 147,000 in June, the strongest reading so far in 2025, up from an upwardly revised 144,000 in May and well above economists' expectations of 110,000.
  • The unemployment rate dipped to 4.1% from 4.2%, also beating forecasts for a rise to 4.3%. It marks the lowest unemployment rate since January 2025.
  • Average hourly earnings rose just 0.2% on the month, down from 0.4% in May and below the 0.3% expected. Year-over-year wage growth eased from 3.8% to 3.7%, undershooting the 3.9% forecast.
  • The S&P Global composite PMI fell to 52.9 in June compared to 53.0 in May.
  • The U.S. trade gap increased to $71.5 billion in May versus a revised $60.3 billion gap in the previous month.
  • U.S. initial jobless claims fell by 4,000 from the previous week to 233,000 in the week ended June 28, compared to market expectations of 240,000.

Now Read This:

  • Cramer Doesn’t Recommend Titan International, Joby Aviation Soars After Milestone Flight

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10