Markets extend highs

Allan Tong Posted On July 3, 2025

A positive employment number from the U.S. government helped lift markets on both sides of the border to fresh record highs. Wall Street closed early ahead of the July 4 holiday with the S&P adding 51 points and the Nasdaq rising 1% to new highs. Meanwhile, the Dow climbed 0.8%.

Major movers included Expedia up 3.2%, Norwegian Cruise Lines 2.9%, Citigroup 2.3%, Lennar -4.1% and Datadog leaping 14.9% on news of it entering the S&P. The U.S. 10-year yield rose to 4.34% while Bitcoin added US$670 to US$109,880.

Also making highs was the TSX, up 0.55% to close above 27,000. Nine sectors, led by tech and staples, rallied. Healthcare was a laggard. Cargojet soared 8.51%, Boyd Group -3.53%, Celestica 3.62%, Finning 2.95% and Brookfield Business Partners 2.92%. WTI slipped by 25 cents to US$67.20.

🧳 Expedia (EXPE-Q) +3.2%

🚢 Norwegian Cruise Line Holdings (NCLH-N) +2.9%

🏛 Citigroup Inc. (C-N) +2.3%

🏛 Lennar Corp. (LEN-N) -4.1%

💾 Datadog, Inc. (DDOG-Q) +14.9%

🛫 Cargojet Inc (CJT-T) +8.51%

👩‍💼 Boyd Group Services Inc. (BYD-T) -3.53%

🧬 Celestica Inc (CLS-T) +3.62%

🚚 Finning Int (FTT-T) +2.95%

🏛 Brookfield Business Partners L.P. (BBU-N) +2.92%