the june jobs report topping expectations versus estimates of just over 700,000. the unemployment rate did tick up to 5.9% megataps like apple, microsoft, salesforce, and small caps are lagging today, on pace to close lower by an -- around 1%, while the major averaging are firmly in the green on record close watch, as wilfred said, for the seventh day in a row. >>> coming up today, scott black joins us with two picks he likes for the second half of the year, including what he calls an obscure infrastructure play. >>> plus tesla delivering more than 200,000 vehicles in the quarter for the first time >> i knew that that was just wrong in all

and start trading today. >>> 14 minutes to go in the trading day. we are now in the "closing bell" market zone, commercial-free coverage mike santoli is here to break down the crucial moments of the trading today, and today we have greg branch back as well welcome, greg. major averages rallying today. the dow is a big dial. 34,777 is the level. >> it shows that this isn't quite the either/or market, meaning that the dow sort of -- thinks the big ease. based on levitating, and this

you can really thank technology. microsoft the biggest criminalor to the dow's gains, along with salesforce and a number of other stocks microsoft, by far, the biggest winner s&p 500 also closing at a record high technology leading the charge here on the week up almost 2%. by the way, this is its seventh record closing high day in a row. that's a long winning streak technology real shining as yields come back down. it's been happening in the last few weeks. the biggest contributor on the qqqs was alphabet, amazon, microsoft, apple a familiar tale there transports were also lower, something we'll talk about, the

thinks the big ease. based on levitating, and this idea was encouraging on both fronds and basically schooled off, and then it gets into this mode of, it didn't give me a reason to be if we in a slower for longer >> what was your take, greg? >> i thought it was good. >> the met will change its attention, so the labor market, returning it to full health is well underway. >>> we had a job consumption we expect to see lots of people

let's check in on individual market movers. shares of krispy kreme falling on the second day of trading it returned to the public fire years after beg taken private. it's debuted at 17. >>> the complaint alleged that broadcom entered into long-term agreements that prevented chips being purchased by competitors >>> rahel solomon has the update. >> here's what's happening at this hour. republicans in pennsylvania's senate are discussing an investigation into how last year's presidential election was conducted. senator doug mastriano reportedly briefing on others.

reportedly briefing on others. he did not respond to questions. >>> authorities from barbados reporting no deaths. elsa may hit florida on tuesday after weak 1/2 to a tropical storm. >>> with july 4th almost here, it's a time for warning. los angeles firefighters and bomb squad members blowing up things and what y-- >> rahel, thank you. >>> when we come back. value investor scott black is here with his topics. >>> later, mark short, former chief of staff to vice president mike pence, will join us to weigh in on today's strong jobs reports and the telast policy proposals. we'll be right back. dow is up 150. [wrestling bell rings] [music: “you're the best” by joe esposito] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪

discretionary and communication services are up a soft dollar today. a bit higher still on the week gold and silver getting a bit of a bounce today [ bell ringing ] >>> the dow is just shy by a handful of points off a record close -- my apologies. a trifecta of record closes. >> it gets more and more exciting here on the floor people are back and so are the fireworks. >>> welcome, everyone, to "closing bell. i'm sara eisen here with wilfred frost. a triple record close, dow and s&p and nasdaq we haven't seen a record close for the dow since early may, but we got it. you can really thank technology.

♪♪ >>> stocks are rallies today on the better-than-expected jobs report let's brick in scott black, founder and president of delphi management thanks for joining us. >> thank you for inviting me a big picture first. are yoconstructive or cautious for the second half of this year >> i think they'll be up the reason being though the market is expensive, the rates are so low, the ten-year's around 142 the fedly totally accommodative. the punch bowl is still there,

expect to see lots of people return to the labor market that allows the fed to return to its other mandate. as mike said, you know, seeing wage growth can you um in a bit the commodity ppi , the numbers we haven't seen in 30, 40 years. >> if they'll start to change the posture. you've also got a really >> it's the noncyclicals we don't need -- it's really just

fourth all right? >> sounds good. >> or a tenth, or a sixth. art, thank you, art "goldilocks" cashin >> always the best. >>> after the break, oil's rapid rise crews crude is up more than 50%, and touching its highest level as opec meets we'll ask an expert where oil could be headed next you're watching "closing bell" on cnbc.