Job Growth Boosts Wall Street to New Record Levels

USA stock exchanges closed on a plus on Thursday encouraged by better job figures than expected.

» Published: July 03 2025 at 19:10

Job Growth Boosts Wall Street to New Record Levels
Photo: Richard Drew/AP/TT

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The rise continues on Wall Street with new record levels for two of the indexes. The broad S&P500 index rose 0,8 percent, Nasdaq's composite index closed at a plus 1,0 percent and Dow Jones went up 0,8 percent.

The market was triggered by a job report that shows that significantly more jobs were created outside the agricultural sector in the USA in June than the analysts had counted on, at the same time as unemployment decreased more than expected.

Among the winners on the technology-heavy Nasdaq exchange were mobile giant Apple, which rose 0,5 percent after reports that the company increased its iPhone sales in China for the first time since the second quarter of 2023. Also index heavyweight Nvidia rose, plus 1,3 percent.

Electric car manufacturer Tesla, which has had it tough after owner Elon Musk's disputes with US President Donald Trump, backed off marginally on Thursday.

Trading on Wall Street was shortened due to the national day celebrations on Friday, when the stock exchange is closed.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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