June non-farm payrolls rose by 57K, missing forecasts of 110K and pressuring the dollar ahead of the holiday closure.
US markets are closed Monday for Independence Day following a disappointing June non-farm payrolls report. The economy added 57K jobs, well below the 110K consensus, dragging the dollar lower and prompting mixed equity performance.
The Dow gained 1.1% on Friday, while the Nasdaq fell 0.8% as investors rotated into value stocks. The S&P 500 ended flat, but chipmakers and big tech, including Meta, Tesla, and Nvidia, faced notable declines.
With liquidity thin, traders will monitor USD/JPY near 161.00, where Japanese authorities may intervene, and geopolitical tensions in the Middle East.