Wall Street Rallies on Strong Labor Data as Tech Stocks Rebound

The Dow Jones Industrial Average surged 443 points (1.05%) on Friday, leading gains across major indices after a stronger-than-expected U.S. jobs report. The S&P 500 breached the 6,000 level for the first time since February, while the Nasdaq Composite climbed 1.2% as tech stocks rebounded.

May's labor data showed 139,000 jobs added—exceeding estimates—with steady unemployment at 4.2% and firm wage growth. The figures suggest resilience despite trade tensions and political uncertainty, though President TRUMP renewed calls for aggressive Fed rate cuts, contrasting market expectations of unchanged June policy.

Trade negotiations between the U.S. and China are set to resume in London next week under Treasury Secretary Scott Bess's leadership, a development markets will watch for Ripple effects across risk assets.