Thursday's nonfarm payrolls print came in at less than half of what Wall Street expected, snapping a three-month hot streak and fueling hopes for a Fed rate hold. The Dow surged nearly 600 points to a fresh all-time high on the cooler data, while the Nasdaq slid 0.8% as chip stocks kept falling. US markets are closed today (July 3) for the Independence Day holiday and reopen Monday. Not financial advice. Does a soft labor market finally give the Fed cover to cut?
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