🚀 Dow Jones Soars 344 Points as S&P 500 & Nasdaq Smash Records on Red-Hot Jobs Data

Wall Street's bulls are back in charge—and they're trampling empty Fed promises underfoot.

Markets Ignore Powell's Warnings, Party On

The Dow just clocked a 344-point gain while the S&P 500 and Nasdaq laughed at 'overbought' alarms to print fresh all-time highs. Blame it on jobs data so strong it could bench-press Jerome Powell's rate hike threats.

Main Street Pain = Wall Street Gain

Another month of wage-slave productivity pumping up corporate earnings. Funny how that works—while real workers chase shrinking paychecks, algorithms feast on the volatility buffet.

Memo to the Fed: Your 'higher for longer' script needs rewrites. The market's already moved to the next season—where liquidity heroin flows freely and fundamentals are just boring fan fiction.

Strong labor market boosts the economy

Traders were focusing on the June jobs report, which showed that the labor market remained more resilient than expected. The data revealed a 147,000 increase in non-farm payrolls, beating the forecast of 106,000. At the same time, the unemployment rate fell to 4.1%, even as economists expected it to rise to 4.3%.

A strong labor market has shown that the anticipated tariff-related damage to the economy has not materialized. Despite the potential disruptive effects of U.S. punitive tariffs on its trading partners, employers mostly stayed the course. Notably, businesses managed to avoid layoffs, hoping that the tariffs WOULD be temporary.

High employment likely means that the Federal Reserve won’t be under as much pressure to lower interest rates, even if inflation decreases. This is usually bad news for growth stocks, which tend to thrive in a low-interest rate environment. Still, the prospect of a robust economy and stronger-than-expected economic growth was enough to boost sentiment.