A solid June nonfarms payrolls report, with the unemployment rate unexpectedly dipping to 4.1%, was all US stocks needed to end the holiday-shortened week on a strong note.
The S&P 500 rose 0.8% while the Nasdaq 100 and Russell 2000 gained 1%. The benchmark US stock index and tech-heavy gauge ended the week at fresh closing records.
Tech was the best-performing S&P sector ETF as the Commerce Department reversed some restrictions on semiconductor design firms from about a month ago. On that note, Cadence Design Systems and Synopsys were standout performers.
Consumer staples and materials were the only sectors to (barely) end in the red.
Datadog jumped on news it was being added to the S&P 500.
Lucid gained on strong second-quarter sales.
Robinhood, meanwhile, gave back some of its recent surge amid some confusion over technical details relating to its recent token announcement.
(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)
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