U.S. Stocks Rise on Strong Jobs Report, Tesla Recovers

U.S. stocks surged on June 6 as a stronger-than-expected non-farm payroll report alleviated concerns about an economic downturn. The S&P 500 index reclaimed the 6000-point mark, reaching a new high not seen since February, primarily driven by gains in the tech sector.
The Dow Jones Industrial Average closed 1.05% higher at 42,762.87 points, marking its highest close since May 19. The Nasdaq composite rose 1.2% to 19,529.95 points, also reaching a new high since February. Both the S&P 500 and the Philadelphia Semiconductor Index saw significant increases, reflecting a positive market sentiment.
Additionally, President Trump announced that U.S.-China trade talks would commence in London on June 9, following a 70-minute phone call with Chinese President Xi Jinping that centered almost entirely around trade. Trump emphasized the mutual benefits of a trade agreement.
Meanwhile, Tesla CEO Elon Musk's recent comments indicated a slight concession, leading to a 3.67% rebound in Tesla's stock, ending at $295.14. This boosted investor confidence in other major tech firms as well.