US close: Stocks higher following June's NFP report

(Sharecast News) - Wall Street stocks closed higher on Friday as traders returned from the Independence Day break to some hotly anticipated labour market data. At the close, the Dow Jones Industrial Average was up 0.17% at 39,375.87, while the S&P 500 advanced 0.54% to 5,567.19 and the Nasdaq Composite saw out the session 0.90% firmer at 18,352.76.

The Dow closed 67.87 points higher on Friday, reversing losses recorded in its truncated Wednesday session.

Investors were primarily focused on last month's nonfarm payrolls report on Friday, with the Labor Department revealing nonfarm payrolls had risen by 206,000 in June, ahead of estimates for a reading of 190,000.

Significantly, readings on non-farm payrolls for the prior two months were revised down by a combined 111,000. The three-month moving average for total payrolls growth declined from 212,000 to 177,000 and from 178,000 to 146,000 within the private sector. In parallel, the unemployment rate ticked higher by a tenth of a percentage point to 4.1%.

Immediately following the release of the latest numbers the yield on the benchmark 10-year US Treasury note fell to 4.284%, but went on to reclaim some of its earlier losses and was later sitting at 4.296%.

Corporate earnings season will kick off next week, with the likes of Delta Air Lines and PepsiCo, as well as banking giants Citigroup, JP Morgan Chase and Wells Fargo, all set to report before the end of the week.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Walmart Inc. (WMT) $70.04 2.89% Intel Corp. (INTC) $32.02 2.53% Apple Inc. (AAPL) $226.34 2.16% Microsoft Corp. (MSFT) $467.56 1.47% Walgreens Boots Alliance, Inc. (WBA) $11.26 1.44% Salesforce.Com Inc. (CRM) $263.29 0.86% Procter & Gamble Co. (PG) $165.21 0.84% Visa Inc. (V) $270.36 0.79% Coca-Cola Co. (KO) $63.76 0.68% Johnson & Johnson (JNJ) $146.48 0.54%

Dow Jones - Fallers

Unitedhealth Group Inc. (UNH) $488.01 -2.05% JP Morgan Chase & Co. (JPM) $204.79 -1.87% Chevron Corp. (CVX) $154.34 -1.53% Dow Chemical Co. (DOW) $52.21 -1.23% Merck & Co. Inc. (MRK) $126.45 -0.99% Cisco Systems Inc. (CSCO) $46.65 -0.93% Travelers Company Inc. (TRV) $201.87 -0.89% Nike Inc. (NKE) $75.43 -0.80% Caterpillar Inc. (CAT) $328.35 -0.68% Goldman Sachs Group Inc. (GS) $464.75 -0.68%

S&P 500 - Risers

Macy's Inc. (M) $19.64 9.54% Newmont Corporation (NEM) $44.51 6.71% Meta Platforms Inc. (META) $539.91 5.87% Westrock Company (WRK) $51.51 5.57% Baxter International Inc. (BAX) $34.98 5.28% Advanced Micro Devices Inc. (AMD) $171.90 4.88% Kohls Corp. (KSS) $22.29 3.87% Illumina Inc. (ILMN) $108.52 3.08% Walmart Inc. (WMT) $70.04 2.89% Resmed Inc. (RMD) $194.74 2.85%

S&P 500 - Fallers

Southwest Airlines Co. (LUV) $26.94 -5.74% Alaska Air Group Inc. (ALK) $38.33 -4.86% HF Sinclair Corporation (DINO) $50.89 -4.40% Micron Technology Inc. (MU) $131.60 -3.82% M&T Bank Corp. (MTB) $146.49 -3.45% Valero Energy Corp. (VLO) $152.78 -3.28% Unum Group (UNM) $49.81 -3.26% United Airlines Holdings Inc (UAL) $47.00 -3.11% Delta Airlines Inc. (DAL) $46.02 -2.89% Regions Financial Corp. (RF) $19.51 -2.89%

Nasdaq 100 - Risers

Meta Platforms Inc. (META) $539.91 5.87% Sirius XM Holdings Inc (SIRI) $3.71 5.10% Mercadolibre Inc. (MELI) $1,658.96 4.24% Illumina Inc. (ILMN) $108.52 3.08% Costco Wholesale Corp. (COST) $885.67 2.67% Alphabet Inc. Class A (GOOGL) $190.60 2.57% Intel Corp. (INTC) $32.02 2.53% Qurate Retail Inc. (QRTEA) $0.66 2.53% Alphabet Inc. Class C (GOOG) $191.96 2.44% Synopsys Inc. (SNPS) $621.30 2.36%

Nasdaq 100 - Fallers

NetEase Inc. Ads (NTES) $91.96 -4.13% Micron Technology Inc. (MU) $131.60 -3.82% Nvidia Corp. (NVDA) $125.83 -1.91% PACCAR Inc. (PCAR) $100.22 -1.75% Microchip Technology Inc. (MCHP) $92.14 -1.54% Broadcom Inc. (AVGO) $1,703.31 -1.50% Baidu Inc. (BIDU) $88.97 -1.21% Take-Two Interactive Software Inc. (TTWO) $151.74 -1.15% Cisco Systems Inc. (CSCO) $46.65 -0.93% DENTSPLY Sirona Inc. (XRAY) $24.56 -0.81%