From Nasdaq: 2025-06-06 12:07:00

Stock indexes surged today, with the S&P 500 and Dow Jones hitting multi-month highs. Tesla rebounded over 4% after a 14% drop on Thursday due to Musk’s feud with Trump. US May employment report beat expectations, easing labor market concerns, and Navarro’s positive comments on US-China trade talks boosted stocks.

Overseas markets also saw gains, with Euro Stoxx 50 up 0.32% and Shanghai Composite hitting a 2-week high. US 10-year T-notes fell on strong May payroll data. Eurozone Q1 GDP exceeded expectations, while German industrial production fell. ECB’s Stournaras suggests pausing rate cuts to assess recent shocks.

Technology stocks rallied, with Micron, Marvell, and others up over 3%. Semiconductor giants like Intel and Qualcomm also saw gains. Tesla led S&P 500 and Nasdaq 100 gainers after Musk’s conciliatory signals to Trump. On the flip side, Lululemon and Docusign plummeted on earnings disappointments, while Vera Therapeutics and MercadoLibre suffered losses.

Earnings reports for ABM Industries, FuelCell Energy, and others are scheduled for June 6. Broadcom’s stock dipped despite positive Q2 earnings. The author did not hold positions in mentioned securities. The views expressed are the author’s and not Nasdaq, Inc.’s.



Read more at Nasdaq: Stocks Sharply Higher on a Better-Than-Expected US May Payroll Report