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U.S. Jobs Surge Dims Rate Cut Hopes, Futures Steady

7/3/2025

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Summary

Story summary

U.S. stock futures held steady, with S&P 500 and Nasdaq futures increasing by 0.1%.
Economists anticipated 110,000 new jobs and a rise in unemployment to 4.3%.
June's report revealed 147,000 jobs added, exceeding expectations and diminishing the likelihood of a July interest rate cut.
The Dow gained 88 points, approaching its December high.

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Story summary

U.S. stock futures held steady, with S&P 500 and Nasdaq futures increasing by 0.1%.
Economists anticipated 110,000 new jobs and a rise in unemployment to 4.3%.
June's report revealed 147,000 jobs added, exceeding expectations and diminishing the likelihood of a July interest rate cut.
The Dow gained 88 points, approaching its December high.