U.S. Stocks Rally on Strong Jobs Data as Tesla Rebounds
Major U.S. indices surged on Friday following a stronger-than-expected jobs report, with the Dow Jones Industrial Average climbing 300 points (0.7%) and the S&P 500 gaining 0.75%. The tech-heavy Nasdaq outperformed, rising 0.97% as employment data signaled resilience in the labor market despite trade war concerns.
Employers added 139,000 jobs in June, slightly below April's revised figure but exceeding forecasts. The unemployment rate held steady at 4.2%, reinforcing the Federal Reserve's cautious stance on rate cuts amid persistent inflation pressures.
President TRUMP renewed his criticism of Fed policy, publicly urging Chairman Powell to implement aggressive rate cuts. "Go for a full point, Rocket Fuel!" he declared on social media, injecting political tension into monetary policy discussions.
Tesla shares rebounded approximately 5% from recent lows, as traders viewed the selloff triggered by CEO Elon Musk's public feud with Trump as a buying opportunity. The recovery suggests market participants are distinguishing between corporate fundamentals and political noise.