HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
US markets end higher amid positive employment data
Jul-04-2025

The US markets ended higher on Thursday following the release of Labor Department report showing employment in the US increased by more than expected in June. The Labor Department said non-farm payroll employment rose  by 1,47,000 jobs in June after jumping by an upwardly revised 144,000 jobs in May. Meanwhile, the Street had expected employment to increase by 1,10,000 jobs compared to the addition of 139,000 jobs in MayAdditionally, the report also said the unemployment rate edged down to 4.1 percent in June from 4.2 percent in May, while the street has expected the unemployment rate to inch up to 4.3 percent. Traders reacted positively to the data, even though the stronger than expected job growth is likely to reduce the chances of a near-term interest rate cut by the Federal Reserve. Moreover, a report from the Institute for Supply Management (ISM) showed that the service sector returned to growth in the month of June. The ISM said its services PMI rose to 50.8 in June from 49.9 in May, with a reading above 50 indicating growth. The street had expected the index to inch up to 50.5.

On the sectoral front, networking stocks turned in some of the market's best performances, with the NYSE Arca Networking Index surging by 2.3 percent to a record closing high. Further, considerable strength was also visible among software stocks, as reflected by the 1.9 percent gain posted by the Dow Jones US Software Index.

Dow Jones Industrial Average climbed 344.11 points or 0.77 percent to 44,828.53, Nasdaq jumped 207.97 points or 1.02 percent to 20,601.10 and S&P 500 advanced 51.93 points or 0.83 percent to 6,279.35.

  RELATED NEWS >>