On Friday, July 5th, the U.S. stock markets closed higher, with the Nasdaq and S&P 500 hitting record highs, driven by weak labor market data that boosted hopes for September rate cuts, leading to significant gains in stocks like Microsoft and Meta Platforms. According to economic data, nonfarm payrolls rose by 206,000 last month, exceeding expectations of 189,000, while the unemployment rate increased from 4% to 4.1%. Average hourly earnings increased by 0.3% month-on-month, down from May’s 0.4%. The majority of sectors on the S&P 500 closed higher on Friday, led by communication services, consumer staples, and consumer discretionary stocks, while energy and industrial stocks closed lower. The Dow Jones Industrial Average was up 0.17% and closed at 39,375.87. The S&P 500 gained 0.54%, ending ...