 The government reported a gain of 206,000 jobs in June, but the gain was essentially sliced in half due to downward revisions to the prior two months, with the unemployment rate rising to 4.1% and wage growth cooling below 4%. The report boosted the odds of a Fed rate cut in September. The Nasdaq and S&P 500 closed at record highs for the third straight session after being closed on the fourth. The Dow rose 67 points to 39,375.