Jul 3 2025

 General Market:

• Futures broadly positive:

• • IWM (Russell 2000) leading, up ~0.5%.

  • NASDAQ (Q’s) +0.4%, S&P 500 (SPY) +0.3%, Dow Jones +0.2%.

Economic Data:

• June Jobs Report: Better than expected.

  • Non-farm payrolls: +147K vs. +110K estimate.

  • Unemployment fell to 4.1%.

  • April & May jobs revised higher.

• Jobless claims: Fell to 233K vs. expected 240K.

• Factory Orders: Due at 10 AM ET, unlikely to be market-moving.

Treasury Yields:

• 10-Year Yield: Rose to ~4.33% after jobs report.

Commodities:

• Bitcoin: ~$109,350, slightly down.

• Oil: ~$67.25, down slightly.

• Gold: Lower, clinging to its 50-day moving average.

Key Stocks & Movers:

• Shopify (SHOP): On watch for technical breakout.

• TechnipFMC (FTI): Strong oil equipment play, consolidating near $35.

• Oracle (ORCL): Up 1.5% on $30B data center deal with OpenAI.

• Datadog (DDOG): +9%, joining the S&P 500, replacing Juniper Networks.

• Apple (AAPL): iPhone sales in China +8% on discounts/trade-in boosts.

• Tripadvisor (TRIP): +8%, activist stake from Starboard Value.

• Cadence Design (CDNS) & Synopsys (SNPS): Up on lifted chip software export restrictions.

• Kratos Defense (KTOS): +2%, post-share offering rebound, RBC upgrades target.

• Alibaba (BABA): Down ~2%, on $1.5B debt offering.

Political/Trade News:

• Trump’s tax & immigration bill advancing in the House.

• Vietnam import tariff adjusted to 20% from prior 46%