US Non-Farm Payrolls Exceed Expectations, Major Stock Indices Rise Over 1%
The latest US non-farm payroll data exceeded expectations, alleviating market concerns about economic slowdown and prompting a rally in US stocks, with all three major indices rising over 1%. The Dow Jones Industrial Average rose by 443.13 points, or 1.05%, closing at 42,762.87 points. The S&P 500 climbed 1.03%, regaining the 6,000-point level. Meanwhile, the Nasdaq also ended up 1.2%, closing at 19,529.95 points.
Additionally, President Trump announced in a statement regarding trade tensions with China that Treasury Secretary Bencet, Commerce Secretary Lutenick, and US Trade Representative Greer will hold talks with Chinese representatives next Monday (June 9) in London to discuss trade agreements.
