Real-Time Stock Market UpdatesMarket Indexes Surge as Economic Data Impresses
U.S. stock markets closed with significant gains on Friday, June 6, 2025, with the S&P 500 breaking above the 6,000 level for the first time since February. All major indexes posted strong performances following a better-than-expected jobs report and easing tensions between President Donald Trump and Tesla CEO Elon Musk.
The S&P 500 climbed 61.06 points (1.03%) to close at 6,000.36, marking its second consecutive weekly gain. The Dow Jones Industrial Average rose 443.13 points (1.05%) to 42,762.87, while the tech-heavy Nasdaq added 231.50 points (1.20%) to finish at 19,529.95. The Russell 2000 index of smaller companies outperformed the major indexes, jumping 1.66% to 2,132.25.
For the week, the S&P 500 gained 1.5%, the Dow rose 1.2%, and the Nasdaq climbed 2.2%. The Russell 2000 showed the strongest weekly performance with a 3.2% increase.
Jobs Report Boosts Market Confidence
Friday’s rally was primarily fueled by the May employment report, which showed the U.S. economy added 139,000 jobs last month, surpassing economists’ expectations of 126,000. The unemployment rate remained steady at 4.2%, indicating resilience in the labor market despite President Trump’s new tariff policies.
This positive jobs data came after a string of weaker economic indicators that had raised concerns about potential economic stagnation. The report has significant implications for the Federal Reserve’s approach to interest rates, with President Trump continuing to urge rate cuts despite the strong economic performance.
Trump-Musk Tensions Ease, Benefiting Tesla
Another factor driving Friday’s market gains was the apparent cooling of tensions between President Donald Trump and Elon Musk. The public feud, which erupted when Musk criticized Trump’s signature tax bill, had sent Tesla shares plummeting 14% on Thursday after Trump threatened to cut off government contracts with Musk’s companies.
Tesla (TSLA) rebounded 3.67% on Friday, closing at $295.14, as Musk softened his stance regarding NASA’s Dragon spacecraft following Trump’s warning. The stock’s recovery contributed significantly to the broader market rally, though Tesla remains the worst-performing large-cap stock this year with a market cap decline of 29.3% to $917 billion.
Notable Stock Movers
Several stocks made significant moves on Friday:
– Lululemon Athletica (LULU) was the day’s biggest loser, plunging 19.80% to $265.27 after lowering its full-year profit forecast.
– DocuSign (DOCU) fell 18.97% to $75.28 following disappointing quarterly results.
– Recursion Pharmaceuticals (RXRX) led gainers with a 20.13% jump to $5.49.
– Manchester United (MANU) surged 18.83% to $16.41 after raising its annual core profit forecast, driven by strong Europa League performance that boosted ticket sales and broadcast revenue.
– FuelCell Energy (FCEL) gained 24.42% to $6.47 despite reporting a $38 million loss in its fiscal second quarter, as revenue exceeded expectations with a 66.8% year-over-year increase to $37.41 million.
– G-III Apparel Group (GIII) rose after beating revenue expectations, though sales fell 4.3% year-on-year to $583.6 million.
Investor Sentiment and Market Trends
Investor sentiment has shown signs of caution amid increased U.S. tariffs on steel imports and ongoing trade tensions between President Trump and China. According to LSEG Lipper data, U.S. money market funds saw a sharp rise in inflows for the week ending June 4, with investors pouring a net $66.24 billion—the largest weekly inflow since December 2024.
Meanwhile, riskier equity funds experienced net outflows of $7.42 billion, up from $5.39 billion the previous week. Small-cap funds saw $2.99 billion in withdrawals, the highest since April.
Looking Ahead: Key Events to Watch
As markets move into next week, investors will be closely monitoring several key developments:
1. The ongoing relationship between President Trump and Elon Musk, which could have significant implications for Tesla and other Musk-owned companies with government contracts.
2. Further developments regarding President Trump’s tariff policies and their potential impact on global trade relations, particularly with China.
3. The Federal Reserve’s response to the strong jobs report, as it weighs potential interest rate cuts against signs of economic resilience.
4. Corporate earnings reports, with attention to how companies are navigating the current economic landscape characterized by trade tensions and shifting consumer behavior.
The market’s ability to sustain momentum above the S&P 500’s 6,000 level will be a key technical indicator to watch in the coming sessions, as investors balance positive economic data against geopolitical and trade uncertainties.