Mumbai, July 4 -- The Nasdaq jumped 207.97 points (1%) to 20,601.10, the S&P 500 advanced 51.93 points (0.8%) to 6,279.35 and the Dow climbed 344.11 points (0.7%) to 44,828.53.

U.S. non-farm payrolls rose by 147,000 in June, beating expectations, while unemployment fell to 4.1%. This surprised markets, which had expected a rise to 4.3%. Traders reacted positively, though the strong data may delay Fed rate cuts.

Jeffrey Roach, Chief Economist at LPL Financial, stated that continued payroll expansion allows the Fed to remain in "wait and see" mode at the upcoming policy meeting. He noted that despite uncertainty around tariffs and trade, businesses haven't been deterred from retaining workers. However, he cautioned that ongoing trade nego...