{"id":49649,"date":"2025-06-06T15:02:01","date_gmt":"2025-06-06T19:02:01","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/"},"modified":"2025-06-06T15:02:01","modified_gmt":"2025-06-06T19:02:01","slug":"stock-market-today-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/","title":{"rendered":"Stock Market Today: Markets Rebound After Trump-Musk Tensions Ease at the Closing Bell"},"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-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/#Major_Indexes_Surge_as_Jobs_Report_Boosts_Economic_Optimism\" >Major Indexes Surge as Jobs Report Boosts Economic Optimism<\/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-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/#Jobs_Report_Exceeds_Expectations_Dampening_Rate_Cut_Hopes\" >Jobs Report Exceeds Expectations, Dampening Rate Cut Hopes<\/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-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/#Tesla_Rebounds_as_Trump-Musk_Tensions_Show_Signs_of_Cooling\" >Tesla Rebounds as Trump-Musk Tensions Show Signs of Cooling<\/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-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/#Other_Notable_Stock_Movers_at_Market_Close\" >Other Notable Stock Movers at Market Close<\/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-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/#Earnings_Announcements_After_Todays_Close\" >Earnings Announcements After Today&#8217;s Close<\/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-markets-rebound-after-trump-musk-tensions-ease-at-the-closing-bell\/49649\/#Looking_Ahead_Market_Events_to_Watch\" >Looking Ahead: Market Events to Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Surge_as_Jobs_Report_Boosts_Economic_Optimism\"><\/span>Major Indexes Surge as Jobs Report Boosts Economic Optimism<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stocks rallied sharply on Friday, June 6, 2025, as markets closed the week on a positive note following a stronger-than-expected jobs report and easing tensions between President Donald Trump and Tesla CEO Elon Musk. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> climbed 1.16% to close at 6,008.09, breaking above the psychologically important 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 446.23 points (1.05%) to finish at 42,765.97, while the tech-heavy Nasdaq gained 1.43% to end at 19,573.81.<\/p>\n<p>Friday&#8217;s rally marked a significant turnaround from Thursday&#8217;s session, when all three major indexes closed in negative territory amid the public feud between Trump and Musk that sent Tesla shares plunging 14%.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jobs_Report_Exceeds_Expectations_Dampening_Rate_Cut_Hopes\"><\/span>Jobs Report Exceeds Expectations, Dampening Rate Cut Hopes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Labor Department reported that the U.S. economy added 139,000 jobs in May, surpassing economists&#8217; expectations of 126,000. The unemployment rate remained steady at 4.2%.<cscitation citation_id=\"task_1__2\"><\/cscitation> This resilient labor market data suggests the economy continues to show strength despite President Trump&#8217;s recent tariff policies.<\/p>\n<p>However, the solid jobs report has diminished hopes for a Federal Reserve interest rate cut in June. President Trump has been urging the Federal Reserve to cut interest rates, criticizing Fed Chair Jerome Powell for being &#8220;too late&#8221; despite the U.S. economy&#8217;s strong performance.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tesla_Rebounds_as_Trump-Musk_Tensions_Show_Signs_of_Cooling\"><\/span>Tesla Rebounds as Trump-Musk Tensions Show Signs of Cooling<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) shares rebounded 5.61% on Friday, recovering some of the massive losses suffered on Thursday when the stock plummeted 14% amid a public spat between CEO Elon Musk and President Trump.<cscitation citation_id=\"task_3__3\"><\/cscitation> The feud, which played out largely on social media, began when Musk harshly criticized Trump&#8217;s signature tax bill, prompting the president to threaten cutting government contracts with Musk&#8217;s companies, including SpaceX.<\/p>\n<p>The Thursday selloff wiped out approximately $152 billion in Tesla&#8217;s market capitalization, highlighting the outsized influence that the &#8220;Magnificent Seven&#8221; stocks have on major indexes. These seven companies\u2014which include Tesla, Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>), Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>), and Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)\u2014account for nearly one-third of the S&#038;P 500&#8217;s weight.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>By Friday, tensions appeared to be easing as Musk softened his stance regarding NASA&#8217;s Dragon spacecraft, which had been at the center of one of his threats during the dispute.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Notable_Stock_Movers_at_Market_Close\"><\/span>Other Notable Stock Movers at Market Close<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lululemon Athletica (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LULU\">LULU<\/a>) was among the day&#8217;s biggest losers, plunging 19.66% after disappointing earnings results.<cscitation citation_id=\"task_3__3\"><\/cscitation> DocuSign (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DOCU\">DOCU<\/a>) also tumbled 18.65% following its quarterly report.<\/p>\n<p>On the positive side, FuelCell Energy (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FCEL\">FCEL<\/a>) surged 28.08% after reporting better-than-expected Q2 results, with sales up 66.8% year-on-year to $37.41 million.<cscitation citation_id=\"task_2__3\"><\/cscitation> Manchester United (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MANU\">MANU<\/a>) shares jumped 16.24% following its earnings release.<\/p>\n<p>Phathom Pharmaceuticals (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PHAT\">PHAT<\/a>) was the day&#8217;s standout performer, more than doubling with a 107.36% gain.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Earnings_Announcements_After_Todays_Close\"><\/span>Earnings Announcements After Today&#8217;s Close<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Children&#8217;s Place (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLCE\">PLCE<\/a>) is scheduled to release its Q1 2025 earnings after today&#8217;s market close. Options activity suggests traders are expecting a potential move of approximately 10.62% in either direction following the announcement.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Events_to_Watch\"><\/span>Looking Ahead: Market Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely monitoring developments in the relationship between President Trump and China&#8217;s leadership. Trump recently spoke with Chinese President Xi and will resume talks between the U.S. and China over tariffs.<cscitation citation_id=\"task_3__2\"><\/cscitation> This comes amid growing concerns about the impact of Trump&#8217;s tariff policies on global trade.<\/p>\n<p>Market participants are also digesting the Congressional Budget Office&#8217;s report that the Republican tax bill would add $2.4 trillion to deficits.<cscitation citation_id=\"task_3__2\"><\/cscitation> Senator Ron Johnson has criticized the GOP spending bill as &#8220;immoral,&#8221; highlighting ongoing tensions within the Republican party over fiscal policy.<\/p>\n<p>As the market heads into next week, traders will be watching for further developments in the Trump-Musk relationship, additional economic data releases, and any shifts in Federal Reserve policy expectations following today&#8217;s strong jobs report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Surge as Jobs Report Boosts Economic Optimism U.S. stocks rallied sharply on Friday, June 6, 2025, as markets 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