US stocks surged to all-time highs on Friday as investors reacted positively to the June jobs report and the possibility of a Federal Reserve rate cut. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw gains, with tech giants like Apple, Amazon, Alphabet, and Meta leading the charge. The labor market took center stage as the US economy added more jobs than expected in June, though the unemployment rate rose slightly. These signs, along with earlier data showing looser labor conditions, have fueled expectations of easing inflation and potential interest rate cuts by the Fed. Investors are now weighing the implications of the strong jobs report and discussing whether slower job growth indicates a normalization post-pandemic or hints at a broader economic slowdown. The 10-year Treasury yield fell as traders priced in a higher chance of a rate cut in September.