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To:Brew Readers
US jobs report disappoints...

Happy Friday. We hope you’ve got your hot dogs purchased and a prime fireworks viewing spot all picked out for tomorrow. Like many of you, the Brew will be taking the day off to celebrate July Fourth with the most American activity of all: drinking from red Solo cups.

We’ll be back in your inbox on Sunday. Until then, we wish you safe travels, safety from the heat, and freedom from heartburn caused by mustard—the only acceptable condiment to slather on those dogs.

—Sam Klebanov, Molly Liebergall, Matty Merritt, Adam Epstein, Holly Van Leuven

In today’s newsletter, we’ll get into:

  • The underwhelming jobs report
  • Tesla’s sales turnaround
  • Taylor Swift’s MSG wedding

MARKETS

Nasdaq

25,832.67

S&P

7,483.24

Dow

52,900.07

10-Year

4.485%

Bitcoin

$61,402.22

Micron

$975.56

Data is provided by

*Stock data as of market close, cryptocurrency data as of 4:00pm ET. Here's what these numbers mean.

  • Markets: Call them Nitro and El Toro, because stocks had a roller coaster of a Thursday. The S&P 500 swung up early in the day, after the disappointing jobs report convinced investors that the Fed won’t raise interest rates. But it fell later on amid another sell-off of chipmakers, ultimately ending the day even. Micron was one of those unlucky chipmakers, falling more than 5%.
  • Reminder: US markets are closed today in observance of Independence Day.

 

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