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MarketWatch MarketPulseJul 02, 2020
Nasdaq closes at record for second straight session ahead of July 4th holiday
U.S. stocks clung to their gains at the end of Thursday after a stronger-than-expected employment report confirmed the labor market's rapid recovery at the end of the second-quarter. Wall Street will be shuttered on Friday in honor of the Independence Day holiday. The S&P 500 gained 0.5% to 3,130. The Dow Jones Industrial Average advanced 92 points, or 0.4%, to end around 25,827, based on preliminary numbers. The Nasdaq Composite added 0.5% to 10,208, booking an all-time closing high for a second straight day. The U.S. added 4.8 million jobs in June compared with expectations for a rise of 3.7 million and the unemployment rate fell for the second straight month to 11.1%. Still, analysts worry the resurgence of new coronavirus cases across the U.S. could hold back further improvements in the broader U.S. economy.

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