Wall Street Rallies on Strong Jobs Data as S&P 500, Nasdaq Hit Record Highs

U.S. equities surged as robust labor market data overshadowed delayed Fed rate cut expectations. The Dow Jones Industrial Average climbed 344 points (0.77%), while the S&P 500 and Nasdaq Composite reached all-time highs with gains of 0.83% and 1.02% respectively during Thursday's shortened session.

NVIDIA emerged as a standout performer, rising 1.3% to approach Apple's market capitalization crown. The chipmaker's resilience against U.S.-China trade tensions surprised markets following stellar Q1 earnings.

June's non-farm payrolls smashed expectations with 147,000 new jobs against forecasts of 106,000, while unemployment unexpectedly dipped to 4.1%. This economic strength suggests tariff impacts may be overestimated, fueling investor Optimism across traditional and digital asset markets.