A weaker-than-expected June jobs report is splitting Wall Street heading into the July 4 long weekend — the Dow is pushing higher on rate-cut hope while the Nasdaq slides under renewed semiconductor pressure. The economy added just 57,000 jobs in June versus the 113,000 expected, reigniting debate over the Fed's next move. Markets close early today and are shut Friday in observance of Independence Day, making this the last full session until Monday.
→ BOND MARKET CLOSE EARLY: The US bond market closes at 2:00 PM ET today ahead of the July 4 holiday. Thin liquidity into the equity close could amplify moves — watch yields for any last-hour signals on Fed rate-hike odds.
→ SPACEX (SPCX) REBOUND: Shares were recovering after a brutal 7.9% drop Wednesday triggered by reports the FAA added SpaceX to an internal prohibited investment list. The stock's next move could reveal how much of Wednesday's sell-off was news-driven versus structural.
→ BITCOIN SENTIMENT SHIFT: BTC is bouncing above $61,000 after touching cycle lows near $58,000, boosted by Fed Chair Warsh's comments that inflation risks have softened. Watch whether the softer jobs print and easing rate-hike odds can sustain the crypto bid into the weekend.