Stock Market Today: S&P 500 Breaks 6,000 Milestone as Markets Rally Despite Retail Concerns

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Major Indexes Post Strong Gains Following Positive Jobs Report

The U.S. stock market ended Friday, June 6, 2025, with substantial gains across all major indexes, as investors responded positively to better-than-expected employment data. The S&P 500 climbed 1% to close at 6,000.36, marking a historic milestone by breaking the 6,000-point barrier for the first time. The Dow Jones Industrial Average rose 443.13 points, or 1%, to finish at 42,762.87, while the tech-heavy Nasdaq Composite added 231.50 points, or 1.2%, ending at 19,529.95.

This rally helped major indexes secure their second consecutive week of gains, with the S&P 500 up 1.5%, the Dow rising 1.2%, and the Nasdaq advancing 2.2% for the week. The positive momentum came after Thursday’s selloff, which was largely driven by a public spat between Tesla CEO Elon Musk and President Donald Trump.

Labor Market Shows Resilience Amid Economic Uncertainty

Friday’s market surge was primarily fueled by the Labor Department’s monthly employment report, which showed the U.S. economy added 139,000 jobs in May. While this represents a slowdown in hiring, the figure still exceeded analyst expectations and provided reassurance about the economy’s resilience amid ongoing trade tensions.

“The jobs report indicates that while the economy may be cooling slightly, we’re not seeing signs of a significant downturn,” said Marcus Reynolds, chief market strategist at Capital Insights. “This ‘Goldilocks’ scenario—not too hot, not too cold—is exactly what investors have been hoping for.”

Retail Sector Under Pressure as Lululemon Slashes Forecast

Despite the broader market’s gains, the retail sector faced significant headwinds, with Lululemon Athletica (LULU) plunging nearly 20% after the company cut its full-year profit forecast. The athletic apparel maker now expects second-quarter adjusted earnings per share between $2.85 and $2.90, far below Wall Street’s estimates of $3.31. The company also reduced its full-year EPS outlook to $14.58-$14.78 from the previous guidance of $14.95-$15.15.

During the earnings call, Lululemon CEO Calvin McDonald cited a “dynamic macro-environment” with tariff uncertainty and consumer caution weighing on the outlook. “My sense is that in the US, consumers remain cautious right now, and they are being very intentional about their buying decisions,” McDonald stated.

The company plans to implement “strategic price increases” on a small portion of its product assortment to offset the impact of tariffs, according to CFO Meghan Frank.

Tesla Rebounds Following Thursday’s Dramatic Selloff

Shares of Tesla (TSLA) recovered some ground on Friday, rising 3.67% to $295.14 after Thursday’s dramatic 14.3% plunge. The electric vehicle maker lost nearly $150 billion in market value during Thursday’s session following an escalating public feud between CEO Elon Musk and President Donald Trump, which included threats from Trump to cut government contracts with Musk’s companies.

Other Notable Market Movers

Other significant stock movements on Friday included:

DocuSign (DOCU) fell nearly 19% despite posting better-than-expected first-quarter results and announcing a $1 billion increase to its share repurchase program.

Recursion Pharmaceuticals (RXRX) surged over 20%, making it one of the day’s top gainers.

Manchester United (MANU) shares jumped nearly 19% on positive news regarding potential new investment.

Looking Ahead: Market Events to Watch Next Week

Investors will be closely monitoring several key economic indicators and corporate events in the coming week:

1. The Consumer Price Index (CPI) report, scheduled for release on Wednesday, will provide crucial inflation data that could influence Federal Reserve policy decisions.

2. Retail sales figures for May will be published on Thursday, offering further insights into consumer spending patterns amid rising prices and tariff concerns.

3. Several major companies are set to report earnings, including tech and financial sector leaders that could set the tone for market sentiment.

4. Ongoing developments in U.S.-China trade negotiations will remain in focus, particularly as the impact of recently implemented tariffs begins to materialize in corporate guidance and economic data.

As markets enter the summer trading period, analysts suggest that volatility may increase due to thinner trading volumes and continued uncertainty surrounding trade policies and their economic impact.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.