The Dow Jones Industrial Average and other major indexes rallied to the finish Thursday after a surprisingly strong June jobs report. Four companies broke out on the stock market today.
Blue chips in the Dow Industrials held the bulk of early gains, ending up 0.8%, or 344 points, higher. The S&P 500 tacked on 0.8%, scoring yet another closing high. The tech-heavy Nasdaq composite added 1%, also venturing into a record close. Trading finished at 1 p.m. ET, and markets will be closed Friday for the July Fourth holiday.
Volume was higher on the Nasdaq and on the New York Stock Exchange compared with the same time Wednesday. Breadth was positive, with advancers beating decliners by more than 2-to-1 on both exchanges.
The small-cap Russell 2000 index gained 1% and the Innovator IBD 50 ETF outperformed, rising 2.2%.
The yield on the 10-year Treasury note rose five basis points to 4.34%. Crude oil slipped to $66.83 a barrel.
12:48 p.m. ET
Bostic Sees Lengthy Stay For Elevated Inflation
Atlanta Fed President Raphael Bostic on Thursday said patience toward monetary-policy changes is needed as the economy adjusts to developments in trade and other U.S. policies and in geopolitics.
"(This) increasingly looks like a process that may take a year or more to fully play out. The U.S. economy will likely experience a longer period of elevated inflation readings," Bostic said at the Institute for Monetary and Financial Stability in Frankfurt, Germany.
"I wouldn't expect we would see dramatic spikes, but rather a steady progression to the end-state inflation level," he said.
11:49 a.m. ET
Big Gainers On The Stock Market Today
A few solar stocks were among the S&P 500's top gainers. First Solar and Enphase Energy were top winners. Homebuilders lagged. Lennar fell toward its 50-day moving average.
Nextracker broke out of a consolidation base with a buy point of 63.19. The relative strength line is at a new high as seen in the blue dot on its daily and weekly charts. Nextracker also boasts a Relative Strength Rating of 94 out of a best-possible 99. The company makes tracking software used in solar projects.
Other breakouts included ITT, which edged past a buy point of 161.13. ITT makes engineered components used in industrial applications and in the energy and transportation industries.
Parker Hannifin teased a 718.44 buy point. The company makes motion-control products used in aviation.
Market Hits High; Tesla Rival Leads 5 Stocks In Buy Zones
10:41 a.m. ET
Rate Cut Odds Fall With Jobs Report
Odds of a Fed rate cut in September fell from 72% to 67.5% after a strong jobs report Thursday, according to the CME FedWatch Tool. It also penciled a 43% chance of a further cut in December.
Early Thursday, the Labor Department said nonfarm payrolls rose by 147,000 jobs in June, ahead of estimates for an increase of 110,000. The unemployment rate dipped to 4.1%; it was anticipated to rise to 4.3% vs. 4.2% in May. Further, weekly jobless claims dropped to 233,000 vs. 236,000 in the previous week. They were expected to rise to 240,000.
In other economic news, the Institute for Supply Management's Purchasing Managers Index for June came in at 52.9 after May's 53. ISM's Services Index, also for June, rose to 50.8 vs. views of an increase to 50.5.
Elsewhere, the Commerce Department said factory orders also came in higher than expected, at 8.2% for May. They were expected to rise 8.1% after falling 3.7% in April.
In stocks, Synopsys and Cadence Design Systems gained roughly 4% each after restrictions on exports of their chip design software to China were lifted. Synopsys said "export restrictions related to China, pursuant to a letter received on May 29, 2025, have now been rescinded, effective immediately." Cadence broke out from a consolidation base with a buy point of 326.19 before pulling back.
Stock Market Today: S&P 500 Will Add A New Member
The S&P Global Indices will add a new member to the S&P 500. Datadog will join the index before opening bell on Wednesday, July 9. Shares of the enterprise software maker soared more than 10%. It replaces Juniper Networks, which is being acquired by Hewlett Packard Enterprise.
Lucid and Rivian also were market movers in Thursday's stock market after the electric vehicle makers announced their quarterly deliveries. Lucid delivered 3,309 vehicles in the June-ended quarter while Rivian delivered 10,661 vehicles.
Rivian maintained its full-year outlook and expects to deliver 43,000 vehicles at the midpoint. Shares of Lucid jumped nearly 6% while Rivian added more than 2%.
TripAdvisor soared more than 16% after activist investor Starboard Value revealed a 9% stake in the company.
9:45 a.m. ET
Treasurys Up, Oil Down
The 10-year Treasury yield rose to 4.33% Thursday morning. Also, oil prices eased with West Texas Intermediate futures selling around $67.20 a barrel.
Among exchange traded funds, the Invesco QQQ Trust rose 0.5%. The SPDR S&P 500 ETF also gained 0.5% after the market open.
8:45 a.m. ET
Stock Market Today: Surprise Jobs Report
Early Thursday, the Labor Department said that nonfarm payrolls rose 147,000, better than estimates that called for an increase of 110,000 jobs in June. The unemployment rate ticked lower to 4.1%; it was anticipated to rise to 4.3% vs. 4.2% in May.
Further, weekly jobless claims dropped to 233,000 vs. 236,000 in the previous week. They were expected to rise to 240,000.
8:24 a.m. ET
Dow Jones Movers: Apple, Salesforce, UnitedHealth
Early movers on the Dow Jones industrials included Apple, Salesforce and UnitedHealth Group.
Apple stock slipped 0.5%, threatening to snap a four-day win streak that saw it regain its 50-day moving average. Salesforce climbed 0.4%, still below its own 50-day line. And UnitedHealth bounced back 0.5% following Wednesday's 5.7% sell-off.
8:02 a.m. ET
Stock Market Today: June Jobs Report Due
Early Thursday, the Labor Department's June jobs report is due out at 8:30 a.m. ET. Economists predict the U.S. economy added 110,000 jobs in June, down slightly from May's 139,000 increase. They also see the unemployment rate ticking higher to 4.3% vs. 4.2% in May, according to Econoday.
Further, weekly jobless claims are also due out at 8:30 a.m. ET. Economists forecast claims rising to 240,000 vs. 236,000 in the previous week. Wall Street is eyeing both for any sign of possible interest rate cuts later in the year.
Later in the morning, two services gauges are expected, along with factory orders data.
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