04:33 PM EDT, 06/06/2025 (MT Newswires) -- US equity indexes advanced on Friday after the May jobs report suggested hiring remains robust despite recent market turmoil triggered by new tariffs imposed by President Donald Trump on steel, aluminum and other products imports arriving into the US.

The S&P 500 jumped 1% to 6,000.36, hanging on to finish just above its 6,000 mark after earlier Friday climbing as high as 6,017. The tech-heavy Nasdaq Composite index added 1.2% to about 19,530, and the Dow Jones Industrial Average advanced 1.1% to 42,762.87. All 11 sectors in the S&P 500 closed in the green, led by energy, communication services and consumer discretionary stocks, while consumer staples were the laggard, climbing just 0.2%.

In economic news, nonfarm entities added 139,000 new employees during May, the government said, compared with the 147,000 new hires the prior month but still exceeding consensus looking for a 126,000-increase last month, according to a Bloomberg survey.

The Bureau of Labor Statistics, however, on Friday also revised its estimates for the prior two months, with April hiring cut by 30,000 and March employment losing 65,000 jobs. The US unemployment rate was steady at 4.2% for the third month in a row, matching market forecasts.

"Nonfarm payrolls remained resilient last month despite heightened trade policy uncertainty," TD Economics senior economist Thomas Feltmate said in a note. While the downward revisions took "some of the shine off the headline payrolls print, it's fair to say that the labor market is holding up better than expected," he said.

Markets also were buoyed by signs that trade talks with China remain on track to begin next week, with US Secretary of the Treasury Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet with Chinese officials in London on Monday.

In company news, tech stocks firmed Friday, with Apple ( AAPL ) rising more than 2% and Wedbush writing Friday the iPhone seller appears bullish heading into its developer conference, a critical piece of the monetization phase of its AI backbone and reiterating its outperform rating for the stock.

One notable decliner was Broadcom ( AVGO ) , after the chipmaker overnight reported quarterly results that narrowly beat estimates, although the margin was not big enough to satisfy many investors, Truist Securities said. Lululemon Athletica ( LULU ) also fell after the athletic wear company pared its full-year earnings outlook, citing tariff uncertainties.

West Texas Intermediate (WTI) crude oil closed higher on Friday, rising $1.21 to settle at $64.58 per barrel, while Brent crude climbed $0.99 to $66.33 per barrel. Energy prices were supported by wildfires in northern Alberta, with several Canadian producers in the oil sands region temporarily shutting in projects and evacuating personnel.

Gold futures fell 1.1% to $3,339.10 per ounce while front-month silver rose 0.4% to $36.16, extending Thursday gains that saw the metal reach a new multiyear high.

Most US Treasury yields rose, with the 10-year climbing 11.7 basis points to 4.51% and the two-year rate advancing 11.3 basis points to 4.04%.