Dow, S&P 500, Nasdaq Rise After Jobs Report; Trump-Musk Spat; Tesla, DJT, and More Movers
Worries on Wall Street of the labor market’s demise may have jumped the gun.After the May nonfarm payrolls report countered worries of a looming labor market downturn for now, a broad stock market rally took hold on Friday.The S&P 500 was up 1%. The Dow rose 400 points, or 1%. The Nasdaq Composite gained 1.3%.“While the market strength in the face of economic, geopolitical, and budget uncertainty is notable, the remarkable calm that has returned to markets is impressive,” writes Mark Hackett, chief market strategist at Nationwide.The CBOE Volatility Index,...



