U.S. Equities Rally on Trade Optimism and Strong Jobs Data

U.S. stocks surged as the S&P 500 (SPX) and Nasdaq 100 (NDX) posted solid gains following constructive trade talks between the U.S. and China. The bullish sentiment was further fueled by a stronger-than-expected nonfarm payrolls report, which showed 139,000 jobs added in May, surpassing economist estimates of 126,000.

Market momentum accelerated after former President TRUMP praised the employment data on Truth Social, while simultaneously advocating for Federal Reserve rate cuts to alleviate debt servicing costs. The jobs figure, though below the 12-month average of 149,000, reinforced confidence in economic resilience.

Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will lead upcoming trade discussions with Chinese counterparts, signaling potential de-escalation in ongoing economic tensions. This diplomatic development contributed to the risk-on environment across equity markets.