{"id":49645,"date":"2025-06-06T11:02:08","date_gmt":"2025-06-06T15:02:08","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/"},"modified":"2025-06-06T11:02:08","modified_gmt":"2025-06-06T15:02:08","slug":"stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/","title":{"rendered":"Stock Market Today: S&#038;P 500 Breaks 6,000 as Markets Rally on Strong Jobs Data and Easing Trump-Musk Tensions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/#Major_Indexes_Surge_as_Economic_Data_Boosts_Investor_Confidence\" >Major Indexes Surge as Economic Data Boosts Investor Confidence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/#Jobs_Report_Exceeds_Expectations_Calming_Recession_Fears\" >Jobs Report Exceeds Expectations, Calming Recession Fears<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/#Tesla_Rebounds_as_Musk-Trump_Tensions_Ease\" >Tesla Rebounds as Musk-Trump Tensions Ease<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/#Tech_Sector_and_Other_Notable_Movers\" >Tech Sector and Other Notable Movers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/#Upcoming_Market_Events_to_Watch\" >Upcoming Market Events to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-breaks-6000-as-markets-rally-on-strong-jobs-data-and-easing-trump-musk-tensions\/49645\/#Market_Outlook_and_Treasury_Yields\" >Market Outlook and Treasury Yields<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Surge_as_Economic_Data_Boosts_Investor_Confidence\"><\/span>Major Indexes Surge as Economic Data Boosts Investor Confidence<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Wall Street stocks surged on Friday, June 6, 2025, with the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> breaking above the 6,000 level for the first time since February. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average jumped over 500 points (1.3%) to 42,820, while the Nasdaq Composite gained 1% to approximately 19,490.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>This impressive rally comes after Thursday&#8217;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&#038;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.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jobs_Report_Exceeds_Expectations_Calming_Recession_Fears\"><\/span>Jobs Report Exceeds Expectations, Calming Recession Fears<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Friday&#8217;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&#8217; expectations of 125,000. The unemployment rate held steady at 4.2%, underscoring the continued resilience of the labor market despite concerns about the potential economic impact of recent tariff policies.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8220;The Federal Reserve is navigating a narrow path. While they expect the economy to soften, persistent trade uncertainty is ripe ground for monetary policy missteps,&#8221; said Seema Shah, chief global strategist at Principal Asset Management. &#8220;With both large and small businesses indicating that they plan to hold onto their workers and ride out the tariff storm, only a modest weakening in the jobs market is likely, further reducing the urgency for Fed support.&#8221;<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tesla_Rebounds_as_Musk-Trump_Tensions_Ease\"><\/span>Tesla Rebounds as Musk-Trump Tensions Ease<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) shares rebounded more than 5% in early trading Friday after plummeting 14% on Thursday when President Trump threatened to cut off government contracts with Elon Musk&#8217;s companies. The recovery came as Musk backed off his threat to decommission the Dragon spacecraft used by NASA, signaling a desire to ease tensions with the administration.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>The public feud began when Musk sharply criticized Trump&#8217;s signature tax and spending bill on his X social media platform, leading to a multi-hour tirade between the two. The market capitalization of Tesla has fallen 29.3% to $917 billion so far this year, making it the worst-performing large-cap stock of 2025.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Sector_and_Other_Notable_Movers\"><\/span>Tech Sector and Other Notable Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Other mega-cap technology stocks also performed well on Friday. Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>), Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOG\">GOOG<\/a>), and Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) each gained about 2%, while Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>), Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>), and Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>) were also solidly higher.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>However, not all tech stocks joined the rally. Shares of Broadcom (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AVGO\">AVGO<\/a>) bucked the trend, falling nearly 4% after the chip giant released strong quarterly results but issued a forecast that fell short of lofty expectations.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>In the retail sector, Lululemon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LULU\">LULU<\/a>) shares plunged 18% after the athletic apparel maker trimmed its full-year outlook, despite quarterly results that came in slightly better than expectations.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Cryptocurrency-related stocks gained ground as Bitcoin jumped to $104,100. Major Bitcoin buyer MicroStrategy (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSTR\">MSTR<\/a>) was up 2%, while crypto exchange Coinbase Global (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COIN\">COIN<\/a>) added 4% and bitcoin miner Riot Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=RIOT\">RIOT<\/a>) jumped 6%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_to_Watch\"><\/span>Upcoming Market Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on several key economic releases next week that could impact market direction:<\/p>\n<p>1. The Consumer Price Index report, scheduled for release on Wednesday, June 11, will provide crucial inflation data that could influence the Federal Reserve&#8217;s interest rate decisions.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>2. The Producer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PPI\">PPI<\/a>) will be released on Thursday, June 12, offering insights into wholesale inflation pressures.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>3. The University of Michigan Consumer Sentiment survey (preliminary) will be published on Friday, June 13, providing a gauge of consumer confidence.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>4. The JOLTS Job Openings report from earlier this week showed continuing strength in the labor market, with President Trump urging the Federal Reserve to cut interest rates despite strong economic performance.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook_and_Treasury_Yields\"><\/span>Market Outlook and Treasury Yields<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The yield on the 10-year Treasury note, which affects borrowing costs on a wide range of loans including mortgages, rose to 4.46% from 4.39% at Thursday&#8217;s close. The U.S. dollar index, which measures the performance of the dollar against a basket of foreign currencies, rose 0.4% to 99.10.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> futures were down slightly at $3,370 an ounce, while West Texas Intermediate crude oil futures, the U.S. benchmark, rose 0.4% to $63.65 per barrel.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>As markets head into next week, investors will be closely monitoring any developments in the trade negotiations between the U.S. and China, as well as any further interactions between President Trump and Elon Musk that could impact Tesla and the broader market sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Surge as Economic Data Boosts Investor Confidence Wall Street stocks surged on Friday, June 6, 2025, with the 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