President Trump’s Megabill Passes House Vote
WSJ Minute Briefing
Deep Dive
Shownotes Transcript
Does it ever feel like you're a marketing professional just speaking into the void? Well, with LinkedIn ads, you can know you're reaching the right decision makers. You can even target buyers by job title, industry, company, seniority, skills...
Wait, did I say job title yet? Get started today and see how you can avoid the void and reach the right buyers with LinkedIn ads. We'll even give you a $100 credit on your next campaign. Get started at linkedin.com slash results. Terms and conditions apply. Here's your closing bell brief for Thursday, July 3rd. I'm Anthony Bansi for The Wall Street Journal.
U.S. stocks set another round of records in a shortened trading day today after a stronger-than-expected jobs report. The Dow Jones Industrial Average edged up 344 points, or 0.8%, to close at 44,829. The S&P 500 was up 52 points, or 0.8%, and the Nasdaq added 208 points, or 1%.
Some standout stocks today. Datadog, a maker of monitoring and analytics programs, is set to join the S&P 500 on July 9th. It's replacing Juniper Networks, which was acquired by Hewlett Packard Enterprise. Datadog's stock jumped nearly 15%.
Shares of two of the world's top developers of chip design software jumped after the U.S. lifted some curbs on exports of the tech to China. Synopsys climbed 4.9% and Cadence Design rose 5.1%. We've reported that activist investor Starboard Value has built up a 9% stake in TripAdvisor. The online travel review company stock soared nearly 17%.
And electric vehicle maker Lucid said it delivered more vehicles last quarter. Shares closed up 5.4%. Meanwhile, President Trump's sprawling tax and spending bill has passed the House, delivering him a major second-term legislative victory.
The 218 to 214 vote sends the mega bill to Trump's desk ahead of the July 4th target he set for Congress. Heads up, we'll be taking tomorrow off for Independence Day, but we'll have more coverage of the day's news on WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.