US close: Stocks higher following solid NFP report
By Iain Gilbert
Date: Saturday 07 Jun 2025
(Sharecast News) - Major indices delivered solid gains on Friday as market participants digested last month's all-important non-farm payrolls report.
At the close, the Dow Jones Industrial Average was up 1.05% at 42,762.87, while the S&P 500 advanced 1.03% to 6,000.36 and the Nasdaq Composite saw out the session 1.20% firmer at 19,529.95.
The Dow closed 443.13 points higher on Friday, easily reversing losses recorded in the previous session amid the very public breakdown in Donald Trump and Elon Musk's relationship.
Friday's primary focus was news that hiring in the US picked up slightly more than expected in May, according to the Department of Labor, with non-farm payrolls rising by 139,000. Last month's increase, the smallest in three months, follows a downwardly revised gain of 147,000 during April. Economists had forecast an increase of 130,000. Average hourly earnings rose by $0.15 or 0.4% month-on-month or 3.9% on an annualised basis, while the rate of unemployment, derived from a separate survey, was steady at 4.2%.
Sentiment was also buoyed by news that Donald Trump revealed later in the day that talks between the US and China would take place in London next week.
In the corporate space, semiconductor manufacturer Broadcom posted quarterly earnings that beat on both the top and bottom lines, while shares in athleisure giant Lululemon were firmly in the red after cutting FY profit guidance as a result of the "dynamic macroenvironment" stemming from Donald Trump's ongoing trade war.
Tesla shares closed higher after recording heavy losses on Thursday amid a war of words between Elon Musk and Donald Trump that wiped $152.0bn off the carmaker's market cap.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Salesforce.Com Inc. (CRM) $274.58 2.76%
Unitedhealth Group Inc. (UNH) $303.22 2.49%
Chevron Corp. (CVX) $140.21 2.42%
Cisco Systems Inc. (CSCO) $66.06 2.23%
American Express Co. (AXP) $302.68 2.20%
Merck & Co. Inc. (MRK) $78.96 1.74%
Apple Inc. (AAPL) $203.92 1.64%
JP Morgan Chase & Co. (JPM) $265.79 1.44%
Goldman Sachs Group Inc. (GS) $614.00 1.34%
Dow Chemical Co. (DOW) $28.55 1.31%
Dow Jones - Fallers
Home Depot Inc. (HD) $367.33 -0.53%
McDonald's Corp. (MCD) $307.37 -0.52%
3M Co. (MMM) $145.52 -0.52%
Walmart Inc. (WMT) $97.47 -0.50%
Walgreens Boots Alliance, Inc. (WBA) $11.25 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
Nike Inc. (NKE) $62.82 0.21%
Intel Corp. (INTC) $20.06 0.35%
Microsoft Corp. (MSFT) $470.38 0.58%
Coca-Cola Co. (KO) $71.36 0.62%
S&P 500 - Risers
United Airlines Holdings Inc (UAL) $84.23 4.83%
American Airlines Group (AAL) $11.78 4.53%
Bread Financial Holdings, Inc. (BFH) $51.59 4.33%
Delta Airlines Inc. (DAL) $50.95 4.32%
Target Corp. (TGT) $97.32 4.06%
Sl Green Realty Corp. (SLG) $64.43 3.71%
Apache Corp. (APA) $18.50 3.64%
Best Buy Co. Inc. (BBY) $73.02 3.63%
AES Corp. (AES) $10.89 3.62%
Flowserve Corp. (FLS) $48.88 3.58%
S&P 500 - Fallers
Broadcom Inc. (AVGO) $246.93 -5.00%
Mosaic Company (MOS) $34.79 -4.40%
Newmont Corporation (NEM) $52.36 -3.94%
Dollar Tree Inc (DLTR) $94.50 -2.24%
Sba Communications Corp. (SBAC) $225.68 -1.73%
American Tower Corp (Reit) (AMT) $212.51 -1.70%
D. R. Horton Inc. (DHI) $120.75 -1.63%
Lennar Corp. Class A (LEN) $108.53 -1.39%
PulteGroup Inc. (PHM) $100.24 -1.39%
PVH Corp. (PVH) $65.40 -1.36%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $3.18 4.95%
American Airlines Group (AAL) $11.78 4.53%
Tesla Inc (TSLA) $295.14 3.67%
Alphabet Inc. Class A (GOOGL) $173.68 3.25%
Starbucks Corp. (SBUX) $89.64 3.05%
Alphabet Inc. Class C (GOOG) $174.92 3.01%
Amazon.Com Inc. (AMZN) $213.57 2.72%
Biomarin Pharmaceutical Inc. (BMRN) $56.65 2.50%
Incyte Corp. (INCY) $68.77 2.28%
Marriott International - Class A (MAR) $265.63 2.24%
Nasdaq 100 - Fallers
Broadcom Inc. (AVGO) $246.93 -5.00%
Mercadolibre Inc. (MELI) $2,482.39 -3.85%
Vodafone Group Plc ADS (VOD) $9.94 -2.64%
Dollar Tree Inc (DLTR) $94.50 -2.24%
Trip.com Group Limited (TCOM) $60.61 -2.21%
NetEase Inc. Ads (NTES) $127.02 -1.25%
Netflix Inc. (NFLX) $1,241.47 -0.72%
Seagate Technology Plc (STX) $126.97 -0.57%
Liberty Global plc Series C (LBTYK) $9.96 -0.40%
Mondelez International Inc. (MDLZ) $66.15 -0.33%
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