From Nasdaq: 2025-06-06 12:48:00

Stock indexes surged to multi-month highs, with S&P 500 and Dow Jones up over 1%. Positive US employment report eased economic slowdown fears. Tesla rebounded 5% after Musk hinted at reduced tensions with Trump. US May nonfarm payrolls beat expectations, with unemployment at 4.2%. Cleveland Fed President’s hawkish comments rattled markets.

Post-employment data, markets see no rate cut at June FOMC meeting. Overseas, Euro Stoxx 50 and Asian markets rose. US 10-year T-notes fell on strong payroll report. European bond yields mixed. Eurozone Q1 GDP beat forecasts. Retail sales in Eurozone and German industrial production missed expectations. ECB official hints at pausing rate cuts.

Chip makers like Marvell and Micron lead market rally. Magnificent Seven stocks, including Alphabet and Amazon, drive broader market gains. Tesla, Quanex Building Products, and QXO Inc. see significant increases. Lululemon, Docusign, Vera Therapeutics, MercadoLibre, and Mosaic face notable declines. Broadcom drops despite strong earnings.

ServiceTitan reports Q1 loss, while earnings reports expected from ABM Industries, FuelCell Energy, G-III Apparel Group, and Virco Mfg. Corp on 6/6/2025. Market outlook remains upbeat with positive employment data, tech stock rally, and global market gains.



Read more at Nasdaq: Stocks Rally as a Strong US Jobs Report Alleviates Growth Concerns