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US Equity Indexes Rise in Week on Labor Market Resilience, Tech Gains, China Trade Talks
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US Equity Indexes Rise in Week on Labor Market Resilience, Tech Gains, China Trade Talks
Jun 6, 2025 2:07 PM

04:47 PM EDT, 06/06/2025 (MT Newswires) -- US equity indexes rose this week after a broad Friday rally on data signaling labor market resilience, along with gains by tech giants and easing US-China trade jitters.

* The S&P 500 rose to 6,000.36 on Friday from 5,911.69 a week earlier. The Nasdaq Composite climbed to 19,529.95 from 19,113.77, and the Dow Jones Industrial Average advanced to 42,762.87 from 42,270.07.

* Communication services and technology led sectors this week, while consumer staples posted the biggest drop. Meta Platforms ( META ) , Nvidia ( NVDA ) , and Amazon.com ( AMZN ) were among the top 10 gainers in a group of companies with a market capitalization of more than $200 billion.

* Nonfarm payrolls rose by 139,000 in May, the Bureau of Labor Statistics reported. The consensus was for a 126,000 increase, according to a Bloomberg survey. Gains for April were revised down by 30,000 to 147,000 and slashed by 65,000 for March.

* "Nonfarm payrolls remained resilient last month despite heightened trade policy uncertainty," TD Economics senior economist Thomas Feltmate said in a note, referring to negotiations globally after Trump announced wide-ranging punitive import duties. 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.

* Investors awaited the Trump-Xi call amid concern trade talks had stalled. "I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal," Trump said Thursday. "The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries."

* Top officials from the US will meet with a Chinese delegation in London on Monday to continue trade negotiations, Trump reportedly said Friday.

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