Earnings Beat the Macro: Soft Payrolls Free the Bulls Ahead of July Fourth
June payrolls came in at just 57,000 — well below the ~110,000 consensus — but strong earnings from Meta (+11%), Progress Software (+18%), and General Mills (+6%) are keeping markets afloat. S&P 500 +0.5%, VIX near 15.8, with an early close expected tomorrow ahead of July Fourth.