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Market’s Holiday Highs · The SPY Trader

• 0:00
  Welcome back to Spy Trader , your goto podcast for navigating the daily ups and downs of the market !
• 0:06
  I'm your host , Captain Bullish , and it's 12 pm on Friday , July 4th , 2025 , Pacific Time .
• 0:14
  Happy Independence Day , everyone !
• 0:16
  The US stock market is closed today in observance of the holiday , but we've got plenty to recap from the shortened week and what to look forward to when trading resumes on Monday , July 7th .
• 0:28
  Let's dive into the key news items that shaped the market this past week .
• 0:33
  Leading up to the holiday , the US stock market ended with solid gains , with all major indices hitting new highs .
• 0:40
  The S&P 500 closed at 6,279.35 on Thursday , up 0.83% , and even touched a new alltime high of 6,284.65 .
• 0:55
  It's up 1.7% for the week and nearly 7% yeartodate , hitting alltime highs on four of the past five trading days .
• 1:04
  The Dow Jones Industrial Average rose 0.77% to 44,828.53 , recording its third straight week of gains , and is just 0.4% shy of its December 4th record .
• 1:21
  The Nasdaq Composite advanced 1.02% to a new record high of 20,601.10 .
• 1:29
  However , the Russell 2000 , representing smallcap stocks , has shown mixed performance , currently trading 10% below its November 2021 peak and flat yeartodate , significantly underperforming the larger indices .
• 1:44
  Sectorwise , the market rally has broadened beyond just big tech .
• 1:50
  Industrial stocks led gains with a 15.4% surge in the first half of 2025 , followed by Technology at 11.6% , and Utilities up 11.0% .
• 2:01
  On the flip side , Consumer Discretionary fell 2.3% and Energy declined 0.2%.Looking at recent news , we got a strongerthanexpected jobs report for June on July 3rd , showing the US economy added 147,000 jobs , beating predictions .
• 2:21
  The unemployment rate unexpectedly dipped to 4.1% , the lowest since February , which reinforced hopes of continued economic strength and eased recession concerns .
• 2:32
  However , the average hourly wages rose 0.2% from May , and 3.7% yearoveryear , coming in cooler than expected .
• 2:43
  Another significant factor is the looming