June jobs report comes in stronger than expected — tanking hopes that the Fed will cut rates this month
1. U.S. job growth in June exceeded expectations with 147,000 new jobs. 2. Unemployment rate fell to 4.1%, signaling labor market strength. 3. Interest rate cuts by the Fed seem less likely in the near term. 4. S&P 500 showed gains post-report, amid strong job creation. 5. High market valuations raise concerns as earnings season approaches.