The U.S. economy added 57,000 jobs in June 2025, well below forecasts of 110,000 and a downwardly revised 129,000 in May, marking the lowest job gain in four months. Average hourly earnings rose 0.3% over a month to $37.64 in June 2026, matching the prior month's pace and market expectations. The soft data may encourage the Federal Reserve to hold off on rate hikes, benefiting rate-sensitive sectors. Healthcare employment rose by 22,000 jobs, though slower than its 12-month average, supporting the Health Care Select Sector SPDR ETF. A low-rate environment could boost technology stocks like the State Street Technology Select Sector SPDR ETF, gold via SPDR Gold Trust, and emerging markets through the iShares MSCI Emerging Markets ETF, which holds about 10% in Taiwan Semiconductor Manufacturing Company.
Taiwan Semiconductor Manufacturing Co. Ltd.Low-rate environment could boost emerging markets, and TSMC is a top holding in the iShares MSCI Emerging Markets ETF.