The S&P 500 Index is up +1.14%, the Dow Jones Industrials Index is up +1.15%, and the Nasdaq 100 Index is up +1.20%, following a better-than-expected US May employment report showing nonfarm payrolls rose by +139,000, surpassing expectations of +126,000. The unemployment rate remains steady at 4.2%. Additionally, Cleveland Fed President Hammack noted caution regarding interest rate adjustments, influencing market dynamics.
Tesla’s stock rose over +5% today after CEO Elon Musk indicated intentions to ease tensions with President Trump, recovering from a -14% drop on Thursday due to comments regarding government contracts. Meanwhile, Quanex Building Products experienced a surge of over +19% after reporting Q2 net sales of $452.5 million, exceeding forecasts.
In contrast, Lululemon Athletica shares fell by more than -19% after a revised full-year EPS estimate, and Docusign dropped over -18% following a weaker-than-expected Q1 billings report.
