On Thursday, July 3, 2025, the S&P 500 and Nasdaq Composite reached new record highs, driven by strong technology stocks and positive developments in US-Vietnam trade relations.
The S&P 500 closed up 29.41 points (0.47%) at 6,227.42, while the Nasdaq Composite increased by 190.24 points (0.94%) to 20,393.13. The Dow Jones Industrial Average slightly decreased by 10.52 points (0.02%) to 44,484.42.
Nvidia shares experienced a significant surge, reaching an all-time high and approaching a market capitalization of $4 trillion. Nvidia's stock rose 1.6% to $159.21 at the close of trading.
US Department of Labor data showed a gain of 147,000 non-farm jobs in June, exceeding economists' expectations of 110,000. The unemployment rate fell to 4.1%, contrary to the projected increase to 4.3%.
Synopsys and Cadence Design Systems shares jumped 5.1% and 4.6% respectively after the US lifted restrictions on chip software exports to China, indicating easing trade tensions.