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Trump's Tax Package Passes the House of Representatives – Job Market Rally on Wall Street – Ford CEO Warns of AI Job Losses – Google Veo 3 Now Available Worldwide – CoreWeave Sets Standards

T. Reich
Reading Time: 5 minutes

On Thursday, July 3, 2025, the major US indices closed significantly higher. The S&P   500 rose by about 0.8% to a record high of 6,279 points, the Nasdaq increased by approximately 1% to 20,601 points, and the Dow   Jones climbed by 0.77% to 44,828 points – just shy of its own record. The markets were driven by a surprisingly strong US job market report. In June, around 147,000 new jobs were created instead of the expected 110,000, while the unemployment rate fell to 4.1%. These figures reinforce the picture of a resilient economy,...

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