"Today's stronger than expected jobs report has sent the broader stock market back above the psychologically important 6,000 level."
"The U.S. economy added a robust 139,000 payrolls last month, surpassing economist forecasts of 125,000."
"Wall Street enthusiastically embraced the May jobs report, providing a welcome distraction from ongoing trade uncertainties and igniting a market rally."
"Not all tech stocks are participating in today's climb. Broadcom is down 2.5% following its recent quarterly earnings report."
Today’s jobs report has positively impacted the stock market, lifting the S&P 500 index above the crucial 6,000 mark. The U.S. economy added 139,000 jobs, exceeding predictions. The unemployment rate remained steady at 4.2%. This news has spurred a market rally, alleviating concerns about trade issues. While many sectors show gains, some tech stocks, notably Broadcom, experienced declines. Tesla bounced back with a notable 4.8% gain despite recent losses and political scrutiny around Elon Musk, while Apple prepares for important AI-related announcements at the upcoming WWDC.
Read at 24/7 Wall St.
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