Stock Market Today: S&P 500 Holds Above 6,000 as Markets Digest Strong Jobs Data

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Major Indexes Continue Weekly Gains Following Friday’s Rally

The major U.S. stock indexes are holding onto their gains during Saturday’s midday trading session, following Friday’s strong performance that pushed the S&P 500 above the 6,000 mark for the first time since February. Investors continue to digest Friday’s better-than-expected jobs report while looking ahead to next week’s crucial inflation data.

As of midday Saturday, June 7, 2025, the Dow Jones Industrial Average is up 0.3% at 42,488.25, extending its weekly gain to approximately 0.4%. The S&P 500 is trading 0.2% higher at 5,958.12, now sitting just 2.1% below its all-time high reached in February. Meanwhile, the tech-heavy Nasdaq Composite has added 0.4% to reach 21,675.38, on track for a weekly gain of over 1.3%.

Jobs Report Calms Economic Concerns

Friday’s employment report showed U.S. employers added 139,000 jobs in May, surpassing economists’ expectations of 125,000, while the unemployment rate remained steady at 4.2%. This data has helped ease concerns about potential economic slowdown amid ongoing trade tensions and tariff negotiations between the U.S. and its trading partners.

“The labor market continues to show remarkable resilience despite the shifting trade landscape,” said market strategist Emma Reynolds at Capital Insights. “This gives the Federal Reserve more flexibility in its approach to monetary policy for the remainder of the year.”

Investors are now looking ahead to Wednesday’s Consumer Price Index (CPI) report for May, which will provide crucial insights into inflation trends and potential Fed policy direction.

Tech Stocks Lead the Way After Volatile Week

Technology stocks are leading today’s gains after a volatile week that saw significant movements in several key names. Nvidia (NVDA) is up 1.2% today, continuing its momentum after becoming the world’s most valuable company earlier this week, surpassing both Microsoft and Apple with a market capitalization approaching $3.3 trillion.

Tesla (TSLA) has stabilized with a 0.8% gain today, following a dramatic 14% plunge on Thursday amid a public dispute between CEO Elon Musk and President Donald Trump. The stock rebounded 5% on Friday as tensions appeared to ease between the two high-profile figures.

Other tech giants are showing mixed performance at midday: Microsoft (MSFT) is up 0.7%, Apple (AAPL) is down 0.3%, while Alphabet (GOOGL) has gained 0.9%. Meta Platforms (META) is trading 0.5% higher after an analyst report highlighted its strong position in AI development.

Broadcom Continues to Slide on Disappointing Guidance

Shares of semiconductor giant Broadcom (AVGO) are extending their losses today, down 1.3% following Friday’s 4% decline. Despite reporting strong quarterly results, the company’s forecast fell short of the market’s high expectations, particularly regarding its AI-related revenue growth.

“Broadcom’s guidance suggests that the AI chip boom might be moderating slightly, though demand remains historically strong,” noted tech analyst James Chen at Market Securities. “Investors had priced in perfection, so even minor disappointments are being punished.”

Upcoming Market Events to Watch

Looking ahead to next week, several key economic reports and corporate events could significantly impact market direction:

– Wednesday, June 11: May Consumer Price Index (CPI) data release
– Thursday, June 12: Weekly jobless claims and Producer Price Index (PPI)
– Friday, June 13: Consumer Sentiment preliminary reading for June

Additionally, several major companies are scheduled to report earnings next week, including Oracle (ORCL) on Monday and Adobe (ADBE) on Thursday.

Trade Tensions and Fiscal Policy Remain in Focus

The ongoing trade negotiations between the U.S. and various trading partners continue to be a key focus for investors. Recent developments suggest progress in talks with China, though uncertainty remains regarding European tariffs.

“The market is navigating a narrow path between optimism about economic resilience and caution about potential trade disruptions,” said Seema Shah, chief global strategist at Principal Asset Management. “While the economy is expected to soften, persistent trade uncertainty creates potential for monetary policy missteps.”

The S&P 500’s approach toward record territory suggests investors are becoming more confident that the economy can withstand current trade pressures, especially following the reassuring jobs data.

Commodities and Bonds

In other markets, gold futures are trading slightly lower at $3,367 per ounce, while West Texas Intermediate crude oil has gained 0.5% to $63.95 per barrel.

The yield on the benchmark 10-year Treasury note stands at 4.47%, up slightly from Friday’s close, as investors recalibrate interest rate expectations following the strong employment data. The U.S. Dollar Index is up 0.2% at 99.30.

Cryptocurrency markets are showing strength, with Bitcoin trading above $104,500, providing support for crypto-related stocks like Coinbase Global (COIN) and mining companies.

As the trading week concludes, market participants will be closely monitoring any developments in trade negotiations and preparing for next week’s inflation data, which could provide further direction for both stocks and interest rate expectations.

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.