Wall Street hits new highs as job data cheers markets
U S stocks rose to record levels with the S P 500 up 0.8 percent and the Dow gaining 344 points. Expedia and Norwegian Cruise Line led gains in a broad rally as investors priced in potential hold on rate cuts amid tariff concerns.
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Denmark Opens EU Presidency Amid Trade Wars and Ukraine Challenge
Denmark launched its six month EU presidency with a call for unity to confront the Ukraine war and tariff tensions from the United States. Denmark aims to push Europe toward self reliance, bolster security, and accelerate trade deals while seeking Moldova and Ukraine membership despite Hungary’s veto. The agenda includes boosting NATO defense spending, EU resilience, and a long term 2028 budget blueprint to be revealed on July 16.
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Unemployment claims fall as job gains persist despite tariffs
The Labor Department reports 233,000 first time jobless claims for the week ending June 28, down 4,000 from the prior week. In June, U.S. employers added 147,000 jobs and the unemployment rate fell to 4.1 percent as tariffs loom, with several firms announcing cuts amid uncertain policy.
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