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Baystreet

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Image Credit: Baystreet

Dow Rockets on Job Numbers

  • Stocks surged on Friday following better-than-expected non-farm payrolls data, easing concerns about an imminent economic slowdown.
  • The Dow Jones Industrials jumped 392.66 points to 42,712.40, while the S&P index and the NASDAQ Composite also witnessed significant gains.
  • The S&P and Dow are up more than 1% for the week, with the NASDAQ rising over 2%. Tesla's 6% gain and other tech-related stocks contributed to the market's positive momentum.
  • The uptick in the market was supported by a rise in U.S. payrolls in May, which exceeded forecasts. The week also saw concerns regarding economic slowdown and implications of tariff negotiations and Federal Reserve policies.

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