11:40 AM EDT, 06/06/2025 (MT Newswires) -- All three major US stock indexes were up in late-morning trading Friday after the latest jobs report came in better than expected.

Total nonfarm payrolls rose by 139,000 in May, the Bureau of Labor Statistics reported Friday, above the consensus forecast of 126,000 in a survey conducted by Bloomberg. April and March gains were revised down by 30,000 and 65,000, respectively. The unemployment rate held steady at 4.2%, matching market expectations, while the labor force participation rate fell to 62.4% from 62.6% in the previous month. Average hourly earnings rose by 0.4%, more than the 0.3% gain expected.

Tesla (TSLA) shares rebounded Friday after Politico reported that White House aides scheduled a call with Elon Musk Friday to avoid further escalation of the feud between President Donald Trump and the world's richest man. However, Bloomberg reported later that there are no plans for a call between the White House and Musk, citing a person familiar with the matter. Tesla shares were up 5.3% around midday.

Lululemon Athletica ( LULU ) reported fiscal Q1 net income late Thursday of $2.60 per diluted share, up from $2.54 a year earlier and above the FactSet consensus analyst estimate of $2.58. First-quarter net revenue was $2.37 billion, up from $2.21 billion a year ago and above the FactSet consensus of $2.36 billion. For Q2, the company said it expects diluted EPS of $2.85 to $2.90 on net revenue of $2.54 billion to $2.56 billion. Analysts expect EPS of $3.29 on revenue of $2.56 billion. Lululemon said it expects full-year diluted EPS of $14.58 to $14.78 on net revenue of $11.15 billion to $11.30 billion. Analysts expect EPS of $14.86 on net revenue of $11.20 billion. Lululemon shares were down 20%.

Broadcom ( AVGO ) reported fiscal Q2 non-GAAP earnings late Thursday of $1.58 per diluted share, up from $1.10 a year earlier and above the FactSet consensus estimate of $1.57. Fiscal Q2 revenue was $15 billion, up from $12.49 billion a year ago and above the FactSet consensus of $14.96 billion. For fiscal Q3, the company expects revenue of $15.8 billion, compared to analysts' expectation of $15.75 billion. Broadcom ( AVGO ) shares were down 3.4%.

US Steel (X) said Friday in a regulatory filing that Nippon Steel's $14.9 billion bid to take over the company is being given more time as the Japanese steelmaker and the Trump administration asked a US appeals court to extend a pause in their litigation for eight days. US Steel shares were up 1.2%.

UBS (UBS) may need up to $26 billion in additional capital under proposed Swiss financial reforms, according to a Swiss Federal Department of Finance document. The largest requirement involves boosting capital reserves in its Swiss unit to fully cover foreign subsidiaries, increasing the threshold to 100% from 60%, which could require $23 billion alone, according to the document. UBS shares rose 3.3%.

The rare-earth suppliers for Ford Motor ( F ) , General Motors ( GM ) , and Stellantis ( STLA ) received temporary export licenses from China, Reuters reported Friday, citing two sources familiar with the matter. Ford, GM and Stellantis ( STLA ) shares were up 2.1%, 0.9% and 2.3%, respectively.

Price: 301.39, Change: +16.69, Percent Change: +5.86