Stocks Rise After Weak June Jobs Report
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- Stock futures rose as chip stocks bounced and a weak June jobs report eased interest-rate pressure expectations, per CNBC.
- Wall Street headed toward its best week in nearly two months as the Dow, S&P 500, and Nasdaq all climbed after June hiring fell short of expectations, per the WSJ and Pittsburgh Post-Gazette.
Why it matters: A weaker-than-expected June hiring report eased interest-rate pressure, with chip stocks leading the rebound as the most rate-sensitive sector. The Dow, S&P 500, and Nasdaq all climbed toward their best week in nearly two months as traders treated the labor-market cooldown as supportive for equities.
