Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Wednesday, Julyrd and I'm your host Kim Khan.

Welcome to a special pre-holiday edition of Wall Street Lunch.

The markets closed early ahead of the 4th of July, with a broader market rally led by growth stocks.

The NASDAQ rose 0.9% and the S&P 500

rose half a percent, both hitting new highs. The Dow fell less than 0.1% dragged down by a price decline

in United Health. 7 of the 11 S&P sectors closed higher with Infotech at the top.

Invidia did a lot of heavy lifting rising 4.5%.

Tesla also lent a hand up 6.6 percent and finishing higher for its seventh consecutive session.

Daniel Jones, seeking off the investing group leader of crude value insights, says says we truly live in crazy times

ignoring all the things going on domestically in the political arena

internationally when it comes to geopolitical concerns, environmentally, and more markets are most certainly crazy on their own.

This optimism for the market can be attributed to signs of weakness for the U.S. economy.

While many people were getting the jump on the festivities, with the market closing at 1 p.m. Eastern time,

there was no rest for those providing economic data, both from the public and private sectors,

as a raft of reports hit before, during, and even after market hours.

Cutting to the chase, none of the indicators jolted the current market narrative,

that while the labor market is still tight, inflation may cool enough for rate cuts in September.

Jobs numbers dominated the pre-market news.

ADP said June private payrolls rose by 150,000, below the consensus of 167,000.

The official June jobs figures hit Friday. below the consensus of a hundred and sixty seven thousand

the official June jobs figures hit Friday

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