US EditionTesla Bounces On Musk-Trump Truce Talk; Aggressive Buying On Jobs Report - A Lagging Indicator - Tesla (NASDAQ:TSLA), SPDR S&P 500 (ARCA:SPY)
- Tesla's stock dropped 14.26% yesterday amid a very public disagreement between Elon Musk and President Trump but later recovered by 6.2% as prospects for a possible reconciliation emerged.
- The feud escalated after Musk publicly criticized Trump and alleged his ties to Jeffrey Epstein, while Trump expressed strong disappointment.
- Meanwhile, the U.S. Economy showed strength as the Labor Department reported 139,000 new nonfarm jobs in May, exceeding the 130,000 forecast.
- The unemployment rate held steady at 4.2%, average hourly earnings rose 0.4% versus 0.3% expected, and major stock indexes rallied on the news.
- Tesla's rebound and the stock market rally suggest investor optimism despite tensions, while a planned U.S.-China trade meeting may influence future market conditions.
13 Articles
13 Articles
Friday marked an exceptional day for the US financial market, with stock indexes celebrating significant increases.According to the original report, the S&P 500 (^GSPC) briefly touched the level of 6,000, while the Dow Jones Industrial Average (^DJI) rose by about 400 points, or 1%.In addition, the Nasdaq Composite (^IXIC) rose by 1.1%.These increases are driven by expectations of improvement after political tensions between President Trump and …
Stock Market News From June 6, 2025: Dow, S&P 500, Nasdaq Rise After Jobs Report; Trump Announces New China Talks; Trump-Musk Spat; Tesla, DJT, and More Movers
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite rallied Friday as the stock market digested the May jobs report and the fallout between President Donald Trump and Tesla CEO Elon Musk.
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