Last week (June 30 - July 2, U.S. stocks closed early ahead of the July 4 Independence Day holiday), U.S. stocks rallied overall, with all three major indices posting positive gains. The Dow stood out, hitting a new closing high.


Major Index Performance (Weekly):
• Dow Jones Industrial Average (DJIA): Rose approximately 1.97%, closing at around 52,900 points, a record high. It set multiple new records during the week, supported by traditional blue-chip stocks (such as energy, industrials, and financials) and defensive sectors.
• S&P 500 Index: Rose approximately 1.76%, closing at around 7,483 points.
• Nasdaq Composite Index: Rose approximately 2.12%, despite pressure on tech/chip stocks, but overall rebounded.
Weekly Highlights: On Thursday, July 2, nonfarm payroll data came in weaker than expected (only 57k new jobs added, well below expectations), easing market concerns about a Fed rate hike, driving the Dow up nearly 600 points (+1.14%). The S&P was roughly flat, while the Nasdaq edged lower (dragged by tech stocks).
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