July nonfarm payrolls unexpectedly fall; S&P 500 notches record close, SpaceX surges 16%

US July nonfarm payrolls unexpectedly fell by 23,000, first decline since February; unemployment fell to 4.1%. S&P 500 hit record close. Traders expect Fed to hold rates. All three major indexes rose, with the Dow up 0.28%, Nasdaq up 1.30%, and S&P 500 up 0.62%. For the week, Dow gained 2.96%, Nasdaq 5.19%, S&P 3.58%. SpaceX surged 15.8%. Treasury Secretary Bessent said the jobs report understated the economy's strength. New York Fed survey showed improved job and inflation expectations. Oil prices rose, with Brent closing at $83.55.