An upbeat June jobs report saw Wall Street end the shortened trading week on a positive note for US markets, overshadowing trade concerns that have rippled through the markets since early March when President Donald Trump first threatened tariffs on metal imports. Dow up +100-points or +0.41% The broader S&P500 +0.85%, with all eleven primary sectors advancing led by Healthcare (up +1.5%) and Information Technology (+1.2%). NASDAQ +1.34%, with Facebook Inc gaining +2.41% to an all time closing high (of US$203.23 per share and taking Chief Executive Mark Zuckerberg’s wealth beyond that of famed investor Warren Buffett to trail only Amazon.com Inc founder and Chief Executive Jeff Bezos and Microsoft Corp co-founder Bill Gates among the world's richest individuals). Trading volumes were very light, with just 5.2B shares changing hands across exchanges owned by the New York Stock Exchange and Nasdaq - the lowest volume for a full trading day this year. US tariffs on US$34B worth of Chinese goods took effect last Friday (6 July), while China's commerce ministry retaliated with 25% tariffs on US$34B worth of US imports. For the week, the Dow rose +0.76% (to snap a 3-week losing streak), S&P500 +1.52% and the Nasdaq +2.37%
