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Daily Wrap-Up: New All-Time Highs! | Jul 3, 2025

By March 28th, 2026General Articles2 min read

For the first time since December, the S&P 500 index futures made new all-time highs to cap the shortened week with a flourish.

Overnight, the action was tame, with bulls setting a bid near Wednesday’s close, marking the bottom at 6270.50. At 8:30 AM ET, June’s jobs report landed mostly positive with 147K jobs added versus 110K expected and unemployment dipping to 4.1% from 4.3%. That helped spark a quick lift to touch the December all-time high area. The pop fizzled fast as sellers pounced, but the bulls weren’t done.

The regular session opened just below the premarket high, and bulls charged straight through to new all-time highs, with little resistance in the morning. Profit-takers lurked, stalling the rally over the lunch hour, and a last-minute sell-off trimmed gains after reaching an all-time high of 6333.25. The session wrapped near the new high at 6323.50, up 48.50 handles. For the week, that makes for a solid gain of 99.75 handles or 1.60%.

Next week, traders can dig into May FOMC minutes on Wednesday along with a few earnings.

Among the top components, Broadcom Inc (NASDAQ: AVGO) led the pack, surging $5.28, or 1.96%, to $275.18, nearly brushing its all-time high.

That outpaced the cash index’s 0.79% rise by over two times.

On the flip side, Tesla Inc (NASDAQ: TSLA) flipped its Wednesday win, dipping $0.30, or 0.10%, to $315.35 as the biggest loser.