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.
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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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Total News Sources13
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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