Here is a comprehensive 1000+ word report on the top stock market news, stocks to watch, and expected market movement for July 8, in markdown format:

Daily Stock Market Report: July 8

Top Stock Market News

1. Robust Jobs Report Fuels Rate Hike Expectations

The U.S. economy added a remarkable 372,000 jobs in June, surpassing expectations and underscoring the labor market's resilience. The unemployment rate held steady at 3.6%, remaining near a 50-year low. This robust jobs report has strengthened the case for the Federal Reserve to continue its aggressive monetary policy tightening, as it aims to combat stubbornly high inflation.

2. Energy Stocks Soar as OPEC+ Agrees to Modest Production Increase

Oil prices surged after OPEC+ agreed to a larger-than-expected output increase, with the alliance aiming to boost production by 648,000 barrels per day in July and August. The decision came amidst rising concerns over tight global supply and mounting pressure from consuming nations to cool down soaring energy prices. Energy stocks, including Exxon Mobil and Chevron, rallied on the news.

3. Tesla Misses Delivery Targets, Citing Supply Chain Challenges

Tesla reported deliveries of 254,695 electric vehicles in the second quarter, falling short of analysts' estimates. The company cited ongoing supply chain disruptions and factory shutdowns as the primary culprits for the disappointing performance. Tesla's stock price fell in response to the news, as investors grew increasingly concerned about the company's ability to meet its ambitious growth targets.

Top Stocks to Watch

1. Tesla (TSLA)

All eyes will be on Tesla as the company grapples with production challenges and intensifying competition in the electric vehicle (EV) market. Investors will closely monitor Tesla's strategies to address supply chain constraints and maintain its leadership position in the EV space.

2. Exxon Mobil (XOM)

Exxon Mobil is a stock to watch in the energy sector, as the company stands to benefit from the recent surge in oil prices. Investors will be keen to see how Exxon Mobil navigates the evolving energy landscape and capitalizes on the increasing demand for fossil fuels.

3. Amazon (AMZN)

Amazon remains a key stock to watch, particularly in the e-commerce and cloud computing sectors. The company's recent efforts to streamline its operations and focus on profitability will be closely scrutinized by investors.

Stock Market Expected Movement

Based on the robust jobs report and the Federal Reserve's commitment to taming inflation, analysts expect volatility in the stock market to persist. The prospect of further interest rate hikes could weigh on growth-oriented sectors, such as technology and consumer discretionary.

However, energy stocks are poised to benefit from the surge in oil prices, driven by the OPEC+ decision to increase production modestly. Additionally, defensive sectors, such as utilities and consumer staples, may attract investor interest as a safe haven amid market uncertainty.

Overall, the stock market is expected to experience heightened volatility in the near term, as investors navigate the complex interplay between economic data, monetary policy, and geopolitical tensions.