Stocks rose on Friday, with the S&P 500 and Dow Jones Industrial Average up. Nasdaq is set for another record close. Next week focuses on U.S. economic data, especially the consumer price index, impacting Fed’s next move. Eli Lilly’s stock fell despite analysts defending it after a 14% drop on Thursday. Meta Platforms partners with Blue Owl Capital and PIMCO for a $29 billion deal to fund data center expansion. Shares are up slightly. Jim Cramer’s Charitable Trust is long LLY, META. Be alerted before Jim makes a trade.

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The U.S. economy added 850,000 jobs in June, surpassing expectations of 700,000. The unemployment rate rose slightly to 5.9%, with the labor force participation rate also increasing. Average hourly earnings rose by 0.3% for the month, signaling continued recovery in the job market.

Stocks closed higher on Friday, with the S&P 500 and Nasdaq both reaching record highs. The S&P 500 gained 0.8%, while the Nasdaq rose 1%. The Dow also saw gains of 0.4%. Tech stocks led the rally, with Apple, Amazon, and Microsoft all posting gains.

Bitcoin jumped 5% on Friday, surpassing $33,000 for the first time in over a week. The cryptocurrency had been trading in a narrow range around $32,000 before the sudden spike. Other cryptocurrencies also saw gains, with Ethereum rising 6% and Dogecoin up 7%.

The U.S. trade deficit widened to a record $75.7 billion in May, as imports outpaced exports. Imports rose 1.3% to $277.3 billion, while exports increased 0.6% to $201.6 billion. The deficit with China also reached a record high, fueling concerns about the global economic recovery.: Wall Street analysts rush to Eli Lilly’s defense but investors aren’t listening yet