Jobs report, Trump’s tax bill and trade deals drive stocks: Live Updates
The June jobs report takes center stage as the S&P 500 and Nasdaq Composite hover at record levels in this short trading week. This as President Donald Trump’s tax bill hangs in the balance as he also works to seal more trade deals after securing Vietnam. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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President Trump scored a win with the passage, on Thursday, of his 'one big beautiful bill' after a marathon vote in Congress.
American workers are expected to see early benefits of the extension of the 2017 tax cuts and some added juice in the 2025 version.
The Dow Jones Industrial Average closed just shy of its all-time high of 45,014.04 hit in December 2024.
Thursday leaders include Nike, Intel and Travelers. Merck, Dow and 3M are laggards.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| NKE | $76.39 | 0.00 | 0.00 |
| INTC | $22.49 | 0.61 | 2.79 |
| TRV | $264.13 | 6.79 | 2.64 |
| MRK | $80.93 | -1.46 | -1.77 |
| DOW | $28.46 | -0.27 | -0.94 |
| MMM | $152.94 | -1.03 | -0.67 |
Traders work on the floor of the New York Stock Exchange in New York City. (Reuters)
Stocks closed higher on Thursday in a holiday-shortened trading session following the release of the June jobs report.
The Dow Jones Industrial Average climbed 344.11 points, or 0.77%, while the S&P 500 and Nasdaq Composite hit new records, rising 0.83% and 1.02%, respectively.
The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy.
The Labor Department on Thursday reported that employers added 147,000 jobs in June. That figure was above the estimate of economists polled by LSEG, who projected 110,000 jobs would be added.
The unemployment rate ticked slightly lower to 4.1%, which was lower than economists' expectations of 4.3%.
A home for sale (Loren Elliott/Bloomberg via Getty Images)
Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday.
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.67% from last week's reading of 6.77%.
The average rate on a 30-year loan was 6.95% a year ago.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| KHC | $26.73 | -0.33 | -1.23 |
There is a nationwide recall for Kraft Heinz's popular packaged meat. Here's what to know.
Bitcoin, the largest crypto currency by market value, is close to surpassing its all-time intraday high of $111,986.44 reached in May 2025.
U.S. Energy Secretary Chris Wright is making coal cool again as a power source for America.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| BTU | $14.68 | 1.50 | 11.38 |
| CNR | $73.25 | 7.98 | 12.23 |
| NXE | $6.78 | 0.05 | 0.74 |
Treasury Secretary Scott Bessent telling FOX Business when President Trump's tax bill is signed and delivered, U.S. businesses will get a big boost.
Getty Images
The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy.
The Labor Department on Thursday reported that employers added 147,000 jobs in June. That figure was above the 110,000 estimate of economists polled by LSEG.
The unemployment rate ticked slightly higher to 4.1%, which was lower than economists' expectations of 4.3%
President Trump is keeping his verbal assaults on Federal Reserve Chairman Jerome Powell steady. On Wednesday, he shared a Bloomberg interview with Bill Pulte, Federal Housing Finance Agency (FHFA) Director, who said Powell should be removed.
"“Too Late” should resign immediately!!!“Fed Chair Should Be Investigated by Congress, FHFA Head Says”" in a post on Truth Social.
Starbucks' Chinese rival Luckin Coffee entered the U.S. market this week, launching its first two locations as tensions remain high with the U.S.
It also comes as Starbuck's CEO Brian Niccol pushes the coffee chain's turnaround.
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