A crucial jobs report meets a stock market at all-time highs: What to know this week:

June 30, 2025

A crucial jobs report meets a stock market at all-time highs: What to know this week:

Breaking News

Image source: Adobe Stock


The S&P 500 is back at an all-time high for the first time since February as optimism around Federal Reserve interest rate cuts and fading fears of tariffs have driven stocks higher.

In the final full trading week of June, the S&P 500 rose 3.5%, while the Nasdaq Composite rose more than 4.1%. Both indexes ended the week at all-time highs. Meanwhile, the Dow Jones Industrial Average added about 3.8%.

The June jobs report will headline the first week of July. Fresh readings on job openings and wage data, as well as manufacturing and services activity, will also be in focus for investors.

Investors will also have a close eye on any updates regarding President Trump's various tariff pauses ahead of the administration's self-imposed tariff delay deadline on July 9. Markets will close at 1 p.m. on Thursday and remain shut on Friday for the Fourth of July. Yahoo Finance reports.

EdgeUp

☎️ Trump tariffs live updates: Trump sees no need to extend July 9 deadline; Canada scraps tech tax: President Donald Trump said in an interview that aired Sunday that he did not plan to extend the July 9 tariff deadline he set for countries to broker deals with the US.

"I don’t think I’ll need to," he told Fox News’s Maria Bartiromo. He added, however, "I could, no big deal.”

During a White House press conference on Friday, Trump said the July 9 deadline to raise "reciprocal" tariffs was not set."We can do whatever we want," said at the press conference. "We could extend it, we could make it shorter," adding that his preference was to make it shorter.

Late on Sunday, Canada cancelled its digital services tax on US technology companies, such as Apple, Amazon and Alphabet, just hours before it was set to start. Yahoo Finance reports.

🎢 FOMO-Driven call buying soars as traders chase S&P 500’s furious run: Traders keen to seize on further gains after the S&P 500 Index hit its first record since February are betting on stock-market darlings that they expect will surpass the index’s ascent.

The signals from derivatives trading are clear, strategists said, as investors last week aggressively bought call options — a wager that an asset’s price will keep increasing.

Among the highlights: a rush into Nvidia on Wednesday that pushed the volume of call contracts on the stock to almost triple that of bearish puts, the biggest gap since January; a jump to a four-month high in the call-put ratio on the Financial Select Sector SPDR Fund; and a drop to a two-month low in the cost of hedging against a selloff in Meta Platforms Inc. Yahoo Finance reports.

🎆 Turbine-maker Vestas down 5% on ‘big, beautiful bill’ headwinds: Despite an upbeat start, the Stoxx 600 is trading just below the flatline in early afternoon deals. The worst performer on the index so far today has been Danish turbine-maker Vestas Wind, last down around 5.5%.

In a Monday note, analysts at Citi said the latest text of U.S. President Donald Trump’s “One Big Beautiful Bill” looked “incrementally negative for wind.” CNBC reports.

US energy firms eye new Northeast natgas pipelines, buoyed by Trump and demand outlook: U.S. energy companies are eying renewed opportunities to build natural gas pipelines to tap in to Appalachia shale formations in Pennsylvania, Ohio and West Virginia, buoyed by U.S. President Donald Trump’s pro-energy policies and expectations that demand for the fuel will rise in coming years.

The U.S. is already the world's top gas producer and exporter of liquefied natural gas.

While the country helps meet fuel demand around the world, many consumers in the U.S. Northeast do not have access to gas due to a lack of pipeline infrastructure and instead continue to use heating oil in their homes and businesses. Yahoo Finance reports.

🕶️ Apple has the potential to crush Meta's Ray-Ban smart glasses, says Ming-Chi Kuo, But the tech giant has been 'surprisingly slow':

Apple has the potential to outshine Meta Platforms, Inc.’s Ray-Ban smart glasses, says analyst Ming-Chi Kuo. What Happened: Over the weekend, Kuo highlighted Apple’s lag in the smart glasses market, especially compared to Meta’s Ray-Ban models.

“Apple could build the best Meta Ray-Ban–like smart glasses on the market,” Kuo said, “Yet its decision-making in this area has been surprisingly slow.”

Despite this, Kuo expressed confidence that Apple's renewed push for hardware innovation could lead to significant market shifts. “Better late than never,” he said, adding, “Apple’s renewed push for hardware innovation is undoubtedly good news for the supply chain. Benzinga reports.

🎬 Disney stock upgraded by Jefferies 'for four primary reasons': Disney is cruising for a higher stock price this summer, according to Jefferies analyst James Heaney. Heaney lifted his rating on Disney to Buy from Hold on Monday. His new price target of $144 assumes 18% upside ahead from the entertainment giant's current level of $124.84 per share. Heaney is now one of the most bullish on the Street with respect to Disney.

"We upgrade Disney to Buy for four primary reasons: 1) Now see limited risk of a second half parks slowdown from Epic Universe/Macro [economy]; 2) More positive on FY26 cruise [business] upside, Jefferies estimates $1 billion plus revenue uplift; 3) Continued direct-to-consumer margin expansion (0% FY24 to 13% plus by FY28 estimate); 4) View next six months content and sports slate favorably, including ESPN direct-to-consumer launch, Zootopia 2 and Avatar 3," Heaney wrote. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $IPDN: Professional Diversity

Total gain: +194.28%

2) $BMNR: BitMine Immersion Techs

Total gain: +44.66%

3) $MSPR: MSP Recovery

Total gain: +34.29%

4) $VERO: Venus Concept

Total gain: +25.22%

5) $LASE: Laser Photonics

Total gain: +12.91%

Friday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on June 27.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $LCFY: Locafy

Total gain: +226.39%

The company announced it has entered into a strategic partnership with one of the United States’ foremost online reputation and review management platforms. Yahoo Finance reports.

2) $RCT: RedCloud Holdings

Total gain: +114.03%

The company announced the launch of its innovative TradeX program, which facilitates bulk trading of essential FMCG products by matching market supply with demand across key categories. Yahoo Finance reports.

3) $EYEN: Eyenovia

Total gain: +36.12%

The company announced a co-branded Hyperliquid validator in partnership with Kinetiq. Benzinga reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


QMCO: Quantum
4Q 2025

After Market Close
Estimate: -1.170
Actual: N/A


ELTP: Elite Pharmaceuticals
4Q 2025

After Market Close
Estimate: N/A
Actual: N/A

PETV: PetVivo Holdings
4Q 2025

After Market Close
Estimate: N/A
Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

9:45 am - Chicago Business Barometer (PMI) - June

Parting Thoughts

The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals.”

- Jesse Livermore, as quoted in Reminiscences of a Stock Operator by Edwin Lefèvre (1923)

Sourced in: “Reminiscences of a Stock Operator”, by Edwin Lefèvre, published in 1923.

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