Wall Street’s main stock indexes closed higher on Tuesday, boosted by gains in Tesla and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday.
The US Job Openings and Labor Turnover Survey, or JOLTS, showed job openings increased in May after posting outsized declines in the prior two months, but layoffs picked up amid slowing economic activity.
The data is the first in this week’s series of US job reports, particularly Friday’s release of June nonfarm payrolls, which will be crucial in assessing whether the US labour market remains resilient against the backdrop of decades-high interest rates.
Tesla surged to its highest level since the start of…
