Dow rises more than 400 points on solid jobs report, S&P 500 touches 6,000: Live updates

the NYSE.

Stocks surged Friday as the most recent nonfarm payroll data exceeded forecasts, allaying fears of an impending slowdown in the economy.

The closing price of the Dow Jones Industrial Average was 42,762.87, up 443.13 points, or 1 point 05 percent. At its highest points of the day, the blue-chip index had risen more than 600 points. In addition, the SandP 500 increased by 1 point, closing at 6,000 point36 after breaking through the 6,000 mark for the first time since late February. The Nasdaq Composite ended the day at 19,529.95, up 1 point 20 percent.

Shares of the electric vehicle manufacturer fell 14 percent on Thursday as CEO Elon Musk argued with President Donald Trump on social media, but the market’s upward move was bolstered by a more than 3 percent increase in Tesla dot. The session also saw higher closing prices for other well-known tech companies like Apple, Nvidia, and Meta Platforms.

U. S. According to the Bureau of Labor Statistics’ report released Friday, payrolls increased 139,000 in May, which was less than the downwardly revised 147,000 in April but higher than the Dow Jones forecast of 125,000 total for the month. The unemployment rate remained constant at 4.2 percent.

“The nonfarm payrolls report came in better than expected,” Anthony Saglimbene, Ameriprise’s chief market strategist, stated in a CNBC interview. It demonstrates how the labor market is surviving quite well despite some slowing growth trends. “.

The impact of the multi-front tariff negotiations and the Federal Reserve’s next course of action come into question after a set of data released earlier this week suggested a potential slowdown in the economy. The Fed will next meet to set interest rate policy on June 17–18.

Unemployment claims were higher than anticipated on Thursday for the previous week. That occurred the day after ADP revealed that private sector payrolls increased by only 37,000 in May, far less than the 110,000 that the Dow Jones had predicted. activity in the United States. S. Last month, the services sector also experienced an unanticipated decline.

Saglimbene went on to say, “There’s still some uncertainty about what the inflation impacts are going to be from the tariffs,” as he anticipates tariff effects to become more apparent in the economic data over the course of the summer. We’re essentially back to where we were in February because the markets are remaining cautious about the implications of all of this for growth and profitability over the upcoming quarters. “.”.

As for trade, Trump has since expressed optimism, saying later Friday that negotiations between the U.S. A. and China will happen in London the following week.

The S&P 500 closed the day over 2% lower than its peak in February. Together with the other two key benchmarks, the broad market index reported noteworthy weekly gains. The Dow reported an advance of 1.2 percent for the week, while the S&P 500 was up 1.5 percent. During that time, the Nasdaq increased by 2 to 2 percent.

Friday, stocks end the day higher.

With Friday’s higher closing price, stocks ended the first trading week of June on a positive note.

The Dow Jones Industrial Average ended at 42,762.87, up 443.13 points, or 1 point 05 percent. In contrast to the Nasdaq Composite, which rose 1.2 percent and ended the day at 19,529 points, the S&P 500 increased 1.03% and closed at 6,000 points.

— Sean Conlon.

UBS claims that the consumer is “holding up reasonably well.”.

Getty Images/Scott Olson.

The U. A. According to UBS, despite macroeconomic uncertainty, consumers seem to be holding up fairly well.

“The total U. S. . In a note dated Thursday, equity strategist Sunny Mehra stated that the consumer is holding up fairly well and that the April and May year-over-year trends outperformed the February and March ones.

Additionally, the equity strategist discovered that while the lower-income consumer is struggling due to pressure from cumulative inflation, the upper-income consumer is still doing well. Mehra did add, though, that the consumer’s spending is “not rapidly declining.”. “..”.

Sean Conlon.

For the worst week since 1987, Brown-Forman shares are down.

Brown-Forman shares are on track to record their largest weekly decline in nearly 40 years, notwithstanding Friday’s recovery.

Despite a more than 2 percent increase in Friday’s trading, the alcohol manufacturer’s shares were still down more than 15 percent this week. If that is true, it would be the worst weekly performance for Jack Daniel’s parent company since 1987, when shares fell 18% in a single week.

A large portion of the drops occurred after Brown-Forman reported fiscal fourth-quarter earnings that fell short of both lines’ consensus projections, according to LSEG. The business, headquartered in Louisville, admitted that the macroeconomic climate in which it operated was “exceptionally challenging.”. “,”.

At this point in 2025, shares have fallen more than 25% and are headed for their fifth straight week of losses.

Alex Harring.

Trump declares U. S. -China trade negotiations are scheduled for London next week.

Ruvic, Dado | Reuters.

On Friday, President Donald Trump declared that talks on trade between the U.S. S. . and China is scheduled for London next week.

On Monday, June 9, 2025, Trump posted on Truth Social, “I am happy to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer, will be meeting in London with Representatives of China, with reference to the Trade Deal.”.

The president added, “It should be a very successful meeting.”.

Sean Conlon.

A more detrimental supply shock for the United States could come from declining immigration. S. economy as opposed to tariffs, according to Deutsche Bank.

less immigration to the United States. S. Deutsche Bank claims that the tariffs imposed by the Trump administration might have a greater negative effect on the economy.

Everyone’s attention is on the effects of tariffs, but the true story for the U.S. S. “The economy is the collapse of immigration: down more than 90 percent compared to the run rate of previous years, equivalent to a slowing of labor force growth of more than 2 million people,” note writer George Saravelos wrote on Friday. Tariffs are not nearly as long-lasting as this negative supply shock for the economy. “.”.

According to Saravelos, the economy benefited last year from a “goldilocks” combination of low wages and rapid employment growth, especially as a result of high immigration numbers.

“If current immigration trends continue, it must follow that the opposite will occur throughout the year,” he continued.

Conlon, Sean.

New 52-week highs are reached by 20 stocks.

Reuters | Benoit Tessier.

On Friday, 15 of the S&P 500 stocks achieved new all-time highs, while 20 of them hit new 52-week highs. These individuals achieved that milestone.

Since its initial public offering (IPO) in May 2006, Mastercard has experienced record-breaking trading.

The Nasdaq was trading at its highest points since April 2003.

When Johnson Controls first started trading in 1940, its stock was trading at record highs.

Since its August 1983 initial public offering, Paychex has been trading at all-time highs.

Since 1975, when the United Technologies name was adopted, RTX has been trading at all-time highs.

Since its 1991 IPO, Amphenol has been trading at record highs.

When IBM first went public on the NYSE in January 1962, it was trading at record highs.

When Jabil first went public in April 1993, it was trading at record highs.

Since its initial public offering (IPO) in March 1986, Microsoft has been trading at record highs.

Since its December 2002 initial public offering, Seagate Technology has been trading at record highs.

— Sean Conlon, Christopher Hayes.

Shares of Broadcom decline following earnings.

Although Broadcom’s most recent quarterly results exceeded Wall Street’s projections, the company’s shares dropped more than 4% during Friday’s midday trading.

While analysts polled by LSEG had projected $1.56 per share and $14.999 billion in revenue for the second quarter, the chipmaker reported adjusted earnings of $1.58 per share on $15 billion in revenue.

In a note published on Friday, Bernstein analyst Stacy Rasgon stated that “some downside was driven by high expectations.”. He added, “Of course, the story still has legs, but the AI narrative is clearly strengthening.”.

Icon for Stock Charts: Stock chart icon.

The stock has gained about 3 percent so far this week and is still on track to end the week in the green despite Friday’s losses. Over the last three months, shares have also increased by roughly 39%.

— Conlon Sean.

In spite of a strong jobs report, Trump calls on Powell to lower interest rates by one full point.

Craig Hudson | Evelyn Hockstein | Reuters.

Even though May’s nonfarm payrolls report surpassed forecasts, President Donald Trump urged Federal Reserve Chair Jerome Powell to lower interest rates by a full percentage point on Friday.

“Too Late” at the Fed is a catastrophe! While Europe has experienced ten rate cuts, we have not. Trump wrote, “Our country is doing great despite him,” in a post on Truth Social. “Rose Fuel, go for a full point.”.

As it stands, CME’s Fedwatch tool indicates that traders are pricing in virtually no chance of a rate cut in June after the Fed’s next meeting later in the month.

Jeff Cox, Kevin Breuninger.

At $23, Omada’s shares debut on the Nasdaq.

Following the virtual chronic care company’s $19 IPO price, Omada Health shares made their Nasdaq debut on Friday, opening at $23.

Icon for Stock Charts: Stock chart icon.

— Capoot Ashley.

This week’s S&P 500 is impacted by utilities and consumer staples.

S&P 500 gains have been constrained by declines in consumer staples and utility names, despite the fact that the index is expected to end this week more than 1 percent higher.

The S&P 500’s consumer staple and utility sectors have both experienced declines of about 1.6 percent this week. They are now the two sectors with the worst performance out of the 11 that make up the benchmark index.

With a more than 15% decline, alcohol stock Brown-Forman led the sector lower this week as investors scrutinized its subpar earnings report. Kenvue, the parent company of Tylenol and Neutrogena, was the next largest loser, falling more than 8%.

The worst-performing utility stock was PG&E, which saw a decline of almost 7%. Constellation Energy, which this week signed a nuclear energy agreement with Meta, saw a more than 5% drop in value.

— Harring, Alex.

Due to a first-quarter loss that was worse than anticipated, Petco Health drops as much as 25%.

Yuki Iwamura | Getty Images | Bloomberg.

Friday saw a 25 percent decline in Petco Health and Wellness after the company lost 4 cents per share in the fiscal first quarter, which was twice the 2 cent loss analysts had predicted, according to FactSet data. The Street had predicted $1.50 billion in revenue, but $1.49 billion fell short of that amount, and same-store sales fell 13%, which was more than analysts had predicted.

According to Petco, its projections for the second quarter and the entire year are predicated on “the current tariffs on imports into the U. S. will remain at their current levels and not rise for the rest of the year as of June 5, 2025, from China and other nations. “,”.

The shares of the retailer based in San Diego have dropped nearly 49% in the last six months and are on track to experience their second-largest daily decline historically.

Stock Chart Icon The stock chart icon.

Scott Schnipper.

It’s the worst day for Lululemon since 2020.

After the athleisure company lowered its full-year earnings guidance, Lululemon shares fell 18 percent, setting them up for their worst day since March 16, 2020.

Stock Chart Icon The stock chart icon.

— Imbert, Fred.

In May, the health care sector drove job growth.

The health care sector played a major role in the better-than-expected May jobs report.

More than half of the net gains in the economy in May came from the more than 78,000 jobs created in the health care and social assistance sector. With 48,000 new jobs, leisure and hospitality was the next most robust industry.

A total of 8,000 jobs were lost in manufacturing, one of five categories.

It was Gabriel Cortés and Jesse Pound.

Friday’s opening stocks are higher.

On Friday morning, stocks surged.

Not long after the opening bell, the Dow Jones Industrial Average made a 1 percent jump, or 423 points. The Nasdaq Composite increased 1.2 percent, and the S&P 500 increased by roughly 1 percent as well.

— Sean Conlon.

Gene Munster of Deepwater claims that Telsa’s dive on Thursday was an “overreaction.”.

Getty Images News | Getty Images | Spencer Platt.

President Donald Trump and Tesla CEO Elon Musk’s public spats caused the EV manufacturer’s stock to plummet more than 14%, but Deepwater Asset Management managing partner Gene Munster called the action an “overreaction.”. In premarket trading on Friday, Tesla’s stock was rising by over 5%.

Munster said he doesn’t believe the dispute jeopardizes Tesla’s robotaxi efforts and that the company’s high valuation is linked to investor bets on its future in self-driving cars.

He stated, “In the end, I believe the president wants to act in the best interests of the nation, even though I believe all the personalities between the two and their desire to gain a sort of one-up manship.”. Munster maintained that in the “arms race” with China over artificial intelligence, it is more crucial for the nation to back Tesla.

One to five years from now, it would seem strange to me that this personality explosion would significantly slow down the rate of innovation in Europe and the rest of the world. Therefore, I believe that autonomy to move forward is ultimately what is best for the nation. And that, in my opinion, indicates that things will keep going forward. “.

Munster stated he would keep purchasing Telsa shares and that he currently owns stock in the company in his personal accounts.

Cheddar Berk, Christina.

U. A. In May, payrolls increased more than anticipated.

In May, nonfarm payrolls increased by 139,000, which was slightly less than the downwardly revised 147,000 that the U.S. government reported, but more than the 125,000 experts surveyed by Dow Jones had predicted. S. . Economy was added in April.

At 4.2 percent, the unemployment rate remained unchanged.

Cox, Jeff.

Premarket movements in stocks.

Some of the names that are moving before the bell are listed below.

Broadcom — The chipmaker saw a nearly 3% decline following a second quarter with poor free cash flow. In contrast to the $6.98 billion FactSet consensus estimate, Broadcom reported $6.41 billion in free cash flow.

Circle Internet Group — After a 168 percent surge during its debut on the New York Stock Exchange on Thursday, the stablecoin company’s shares surged by almost 12 percent.

After Lululemon’s second-quarter outlook fell short of analyst expectations, the athleisure company’s stock fell 21%. The company also cut its full-year earnings forecast.

Read the complete story here to see more stock movements during premarket trading.

— Michelle Fox.

Premarket, Tesla’s stock was up 4.5 percent following the $152 billion wipeout.

Tom Brenner | Getty Images | The Washington Post.

At 4:31 a.m., premarket trading saw a 4.5 percent increase in Tesla shares. A. ET, following a verbal spat between President Donald Trump and CEO Elon Musk that caused the company’s market capitalization to plummet by $152 billion on Thursday, the largest ever.

Icon for Stock Charts: Stock chart icon.

Reid, Jenni.

The lead for small caps is set to expire on Friday.

Here are the major averages as of the final day of trading for the week.

The Dow is on track to have its second consecutive positive week, up 0 points 12 percent so far this week.

The S&P is on track for its second consecutive week of gains, up 0 points 47 percent for the week.

The Nasdaq Composite is on pace for its second consecutive week of growth, up 0 points, or 97 percent, so far this week.

On track for its eighth consecutive week of gains, the small-cap Russell 2000 is up 1% for the week.

Pound, Jesse; Hayes, Christopher.

S&P 500 futures and Nasdaq 100 futures open lower.

Following the resumption of trading on Thursday evening, futures for the S&P 500 and Nasdaq 100 fell 0.2 and zero points, respectively. The Dow futures saw minimal movement.

Pound, Jesse.

Lululemon’s slide showcases movers after hours.

Raedle, Joe | Getty Images.

In extended trading, Lululemon’s stock fell 22% after the clothing company lowered its full-year earnings forecast, citing a “dynamic macroenvironment.”. “..”.

The company was not alone, though, in that a significant after-hours move was prompted by their quarterly report.

FactSet reported that Docusign’s first-quarter billings growth was slower than anticipated, which caused the company to drop 17%.

After releasing free cash flow that was lower than anticipated, as reported by FactSet, and only modest beats on the top and bottom lines, as reported by analysts polled by LSEG, Broadcom fell 3%.

Look here for additional movers.

— Jesse Pound.