Today’s Complete Market CoverageMajor Indexes Maintain Momentum After Strong Friday Rally
As of midday Sunday, June 8, 2025, major U.S. stock indexes are holding steady following Friday’s impressive gains that pushed the S&P 500 above the psychologically important 6,000 level. The S&P 500 currently sits at 6,000.36, having gained 1.03% in Friday’s session, while the Dow Jones Industrial Average is at 42,762.87 after climbing 443 points (1.05%) on Friday. The tech-heavy Nasdaq Composite stands at 19,529.95, reflecting a 1.20% increase from the previous session.
Friday’s rally was fueled by better-than-expected May jobs data, which showed the U.S. economy added 139,000 jobs, surpassing the Dow Jones forecast of 125,000. The unemployment rate remained unchanged at 4.2%, easing concerns about an imminent economic slowdown.
Market Sentiment Improves Despite Recent Volatility
The markets have demonstrated resilience in recent days, with all three major indexes posting notable weekly gains. The S&P 500 rose 1.5% for the week, while the Dow advanced 1.2% and the Nasdaq jumped 2.2%.
“The nonfarm payrolls report came in better than expected,” noted Anthony Saglimbene, chief market strategist at Ameriprise. “It’s showing that the labor market is holding up very well in spite of some slowing growth trends.”
Key Stocks Making Headlines
Tesla (TSLA) shares remain in focus after last week’s dramatic volatility. The electric vehicle maker lost nearly 15% over the week following a public feud between CEO Elon Musk and President Donald Trump. The dispute, which erupted over the impending budget bill, cost Tesla over $150 billion in market capitalization before shares rebounded slightly on Friday as tensions appeared to cool.
Microsoft (MSFT) continues its impressive run, hitting a fresh record on Friday as analysts raised price targets on acceleration in Azure and AI-related revenue growth. The tech giant’s market cap has reached $3.5 trillion, making it the largest company in the world, surpassing Nvidia (NVDA).
Speaking of Nvidia, the AI chip leader remains a focal point for investors after reporting stellar results for its fiscal first quarter with revenue of $44.1 billion, representing a 69% year-over-year increase. The company currently accounts for nearly 80% of the AI accelerator market.
Other notable movers include Lululemon (LULU), which plunged 20% on Friday despite beating earnings expectations, as the company cut guidance citing macroeconomic uncertainty and potential tariff impacts. Similarly, DocuSign (DOCU) sank nearly 19% post-earnings due to concerns about future growth despite strong financial performance.
Upcoming Market Events to Watch
Investors are looking ahead to a relatively light week for economic data but several notable earnings reports. GameStop (GME) is scheduled to report earnings after market close on Monday, June 9, followed by Oracle (ORCL) on Tuesday and Adobe (ADBE) on Wednesday.
Additionally, several major companies will reach ex-dividend dates this week, including Alphabet (GOOGL), Occidental Petroleum (OXY), Gilead Sciences (GILD), and Coca-Cola (KO), which could influence trading patterns for these stocks.
Market Outlook and Fed Watch
Despite President Trump’s calls for interest rate cuts, the Federal Reserve is expected to maintain its cautious stance. According to market indicators, investors anticipate the Fed will hold rates steady at its upcoming June 18 meeting, with the first potential rate cut not expected until September.
Analysts at Deutsche Bank have recently raised their year-end target for the S&P 500 from 6,150 to 6,550, reflecting growing optimism about market conditions for the remainder of 2025.
As markets today continue to digest Friday’s jobs report and position for the week ahead, investors remain cautiously optimistic about the stock market’s trajectory, particularly in AI-related sectors that continue to drive significant growth despite recent volatility in some of the market’s biggest names.