Financial Trade Freedom - Investing and Stock News
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
No Result
View All Result
Financial Trade Freedom - Investing and Stock News
No Result
View All Result
Home Stock

US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

admin by admin
June 7, 2025
in Stock
0
US stocks surge at open: S&P up 0.9%, Dow jumps 400 points
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

US stocks rallied on Friday after stronger-than-expected labor market data helped ease fears of an imminent economic slowdown.

The Dow Jones Industrial Average surged 373 points, or 0.9%, while the S&P 500 gained 0.9%, briefly touching the 6,000 level for the first time since late February.

The Nasdaq Composite outperformed with a 1.2% rise, supported by broad-based gains in tech shares.

The May nonfarm payrolls report showed the US economy added 139,000 jobs, surpassing the Dow Jones estimate of 125,000.

While the figure was lower than April’s downwardly revised 147,000, it was seen as a sign of resilience amid recent concerns over a cooling labor market.

The unemployment rate held steady at 4.2%.

Markets had been on edge earlier in the week after a string of data releases pointed to softer private sector hiring and rising jobless claims.

The better-than-expected payrolls number on Friday provided some relief, bolstering investor sentiment ahead of the Federal Reserve’s upcoming policy meeting scheduled for June 17–18.

Attention will now turn to how the Fed interprets the latest data, particularly in the context of ongoing trade negotiations and inflation trends.

Slow growth in the job market

The US economy added 139,000 jobs in May, surpassing expectations of 120,000 but still indicating a gradual cooling in the labour market.

According to Friday’s report from the Bureau of Labor Statistics, job growth slowed from April’s revised figure of 147,000.

The unemployment rate remained unchanged at 4.2%, near historic lows, suggesting a still-resilient but decelerating job market.

One of the more notable developments was the continued downsizing of the federal workforce, which lost 22,000 jobs in May alone.

Since January, the sector has shed 59,000 positions, a decline tied to cost-cutting efforts by the Trump administration and Elon Musk’s controversial Department of Government Efficiency initiative.

While overall job creation remained positive, the labor force participation picture weakened.

The employment-to-population ratio fell to 59.7%, its lowest since the height of the pandemic, highlighting underlying softness that could become more pronounced if private sector hiring loses further momentum in the coming months.

Musk-Trump feud is still not over

US President Donald Trump has no intention of speaking with Elon Musk, a senior White House official said Friday, contradicting earlier reports that a call between the two was scheduled for the day.

The reversal comes amid an escalating public feud between the former allies, centered on Trump’s sweeping tax-cut bill and broader policy differences.

The breakdown marks a dramatic shift in the relationship between the president and the world’s richest man, who had once been one of Trump’s most prominent financial backers and policy advisers.

Musk, who played a key role in supporting Trump’s campaign and later led high-profile efforts to reduce federal spending and shrink the government workforce, now finds himself at odds with the administration.

Their dispute exploded into public view on Thursday through a barrage of attacks exchanged on Trump’s Truth Social platform and Musk’s X (formerly Twitter).

The fallout hit Tesla hard: shares of the EV maker plunged 14%, wiping out approximately $150 billion in market value—the steepest single-day drop in the company’s history.

Tesla shares rebounded slightly in pre-market trading Friday, gaining as much as 5% on initial reports of a possible reconciliation call.

The White House’s clarification that no such conversation is planned suggests the rift is far from over, potentially impacting both political and market dynamics in the weeks ahead.

The post US stocks surge at open: S&P up 0.9%, Dow jumps 400 points appeared first on Invezz


Previous Post

RBI turns neutral after sharp rate cut; ING expects another easing later this year

  • Trending
  • Comments
  • Latest
U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

February 19, 2025
Top 4 catalysts for the Dow Jones and S&P 500 this week

Top 4 catalysts for the Dow Jones and S&P 500 this week

May 25, 2025
Here’s why the German DAX index is soaring today

Here’s why the German DAX index is soaring today

May 26, 2025
Denny’s set to close dozens more locations this year, though some openings planned too

Denny’s set to close dozens more locations this year, though some openings planned too

February 16, 2025
US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

0
Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse

0
As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

As Joann Fabrics and JCPenney announce store closings, here’s what’s driving the pattern

0
From tariffs to DOGE, what companies are saying about the impact of MAGA policies

From tariffs to DOGE, what companies are saying about the impact of MAGA policies

0
US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

June 7, 2025
RBI turns neutral after sharp rate cut; ING expects another easing later this year

RBI turns neutral after sharp rate cut; ING expects another easing later this year

June 7, 2025
Stitch Fix stock price has soared: is it a buy before earnings?

Stitch Fix stock price has soared: is it a buy before earnings?

June 7, 2025
Will the Adobe stock price rise or fall after earnings?

Will the Adobe stock price rise or fall after earnings?

June 7, 2025

    Get Smarter with Your Money – Sign Up for Free Financial Tips!


    Join our community of savvy savers and investors! By signing up, you'll receive weekly emails packed with personalized financial tips, budgeting hacks, and investment strategies tailored to your income level. Take control of your finances today – it’s free and only takes a minute!

    Recent News

    US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

    US stocks surge at open: S&P up 0.9%, Dow jumps 400 points

    June 7, 2025
    RBI turns neutral after sharp rate cut; ING expects another easing later this year

    RBI turns neutral after sharp rate cut; ING expects another easing later this year

    June 7, 2025
    Stitch Fix stock price has soared: is it a buy before earnings?

    Stitch Fix stock price has soared: is it a buy before earnings?

    June 7, 2025
    Will the Adobe stock price rise or fall after earnings?

    Will the Adobe stock price rise or fall after earnings?

    June 7, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contacts
    • Email Whitelisting
    • Investing and Stock News
    • Privacy Policy
    • Terms and Conditions
    • Thank you

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved