"The labor market continues to defy expectations," writes Morgan Stanley Wealth Management Chief Economic Strategist Ellen Zentner. "Today's stronger-than-expected jobs data highlighted ongoing U.S. economic resilience in the face of multiple challenges, but it also likely pulled the plug on a rate cut later this month."

No. United States stock markets are closed on Friday, July 4, 2025. According to the New York Stock Exchange and Nasdaq websites, their markets also close early (at 1 p.m.) on Thursday, July 3. The Federal Reserve considers the Fourth of July a bank holiday, meaning most banks will be closed.