57,000 new payrolls in June—well below the 100,000 expected—lifted most U.S. stocks, with the S&P 500 up 0.3% and the Dow up 0.9%, while the Nasdaq slipped 0.2%.
Treasury yields fell after the report, with the 10-year easing to 4.47% from 4.50%, and traders raised the odds the Fed holds rates this month to 82% from 71%.
Bitcoin climbed about 3% above $61,500 as lower-rate hopes boosted risk assets, lifting Robinhood 6.4%, Coinbase 5.2% and Strategy 8.8%.
Chip stocks still weighed on the market—Micron fell 3.7%, Applied Materials 6.6% and AMD 3.8%—as investors kept reassessing AI-driven valuations.
Oil also extended its retreat, with Brent down 1.1% to $70.78, reinforcing hopes that easing war-related price pressure could let the Fed wait through the summer.