Stock Market Today: S&P 500 Breaks 6,000 as Markets Rally on Strong Jobs Data and Easing Trump-Musk Tensions
Major Indexes Surge as Economic Data Boosts Investor Confidence Wall Street stocks surged on Friday, June 6, 2025, with the S&P 500 breaking above the 6,000 level for the first time since February. The Dow Jones Industrial Average jumped over 500 points (1.3%) to 42,820, while the Nasdaq Composite gained 1% to approximately 19,490. This impressive rally comes after Thursday’s selloff, when all three major indexes closed in negative territory amid tensions between Tesla CEO Elon Musk and President Donald Trump. The Dow had declined 0.3% (108 points) to close at 42,319.74, the S&P 500 slid 0.5% to end at 5,939.30, and the tech-heavy Nasdaq lost 0.8% to finish at 19,298.45. Jobs Report Exceeds Expectations, Calming Recession Fears Friday’s market surge was largely driven by the May employment report from the Labor Department, which showed that U.S. employers added 139,000 jobs last month, significantly exceeding economists’ expectations of 125,000. The […]