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Letsnewz.

Strong U.S. Non-Farm Employment Report Boosts Stock Market

Strong U.S. Non-Farm Employment Report Boosts Stock Market

The U.S. May non-farm employment report showed an increase of 139,000 jobs, exceeding expectations of 126,000, alleviating concerns about economic slowdown. Additionally, President Donald Trump announced that a U.S.-China delegation will hold trade talks in London next week, further boosting market confidence. On June 6, the major U.S. indices all closed higher, with the Dow Jones Industrial Average surging by 443 points to close at 42,762.87.

Trump's announcement that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer will reach London to meet with the Chinese delegation generated hopes in the market. Despite earlier data indicating the risk of economic slowdown, the non-farm data provided investors with a sense of relief. Experts note that while economic growth trends are slowing, the labor market remains strong.

At the close on Friday, the S&P 500 index rose by 61.06 points, reaching 6,000.36 points, while the Nasdaq index increased by 231.5 points, closing at 19,529.95. Tesla, which had previously dropped over 14% due to a public dispute between CEO Elon Musk and Trump, rebounded nearly 3.7%.