{"id":2370,"date":"2025-06-06T21:56:49","date_gmt":"2025-06-06T21:56:49","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-jones-jumps-443-points-on-strong-labor-data\/"},"modified":"2025-06-06T21:56:49","modified_gmt":"2025-06-06T21:56:49","slug":"dow-jones-jumps-443-points-on-strong-labor-data","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-jones-jumps-443-points-on-strong-labor-data\/","title":{"rendered":"Dow Jones jumps 443 points on strong labor data"},"content":{"rendered":"

<\/p>\n

\n

Wall Street finished ended the week on a strong note as a better-than-expected U.S. jobs report boosted investor confidence.<\/p>\n

The Dow Jones Industrial Average surged 443 points (1.05%) to lead Friday\u2019s gains among major indices.The S&P 500 advanced 1.03%, closing above the 6,000 level for the first time since February. The Nasdaq Composite climbed 1.2%, dsriven by a rebound in major tech stocks. <\/p>\n

The S&P 500 and Dow are both up over 1% for the week, while the Nasdaq gained more than 2%.<\/p>\n

The U.S. economy added 139,000 jobs in May, beating estimates of 125,000, data from the Bureau of Labor Statistics showed. The unemployment rate remained unchanged at 4.2% while wage growth came in slightly better than expected. It is reasonable to conclude we are facing a resilient labor market despite tariff and trade uncertainty, and political turmoil at the White House.<\/p>\n

Trump vs. Powell on rates<\/h2>\n

Despite the strong data, President Donald Trump renewed his call for the Federal Reserve to cut interest rates by a full percentage point, labeling Fed Chair Jerome Powell a drag on the economy. Trump may not get what he wants as the markets are currently pricing in no chance of a cut at the June meeting. Meanwhile, the odds of a September cut dipped from 74% to 62% after Friday\u2019s report.<\/p>\n

Meanwhile, Trump announced U.S.-China trade talks will resume in London next week and it will be led by the President\u2019s point man, Treasury Secretary Scott Bessent.<\/p>\n

Next week\u2019s trading action will be dictated by inflation data and the Fed\u2019s June policy meeting.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Wall Street finished ended the week on a strong note as a better-than-expected U.S. jobs report boosted investor confidence. The Dow Jones Industrial Average surged 443 points (1.05%) to lead…<\/p>\n","protected":false},"author":1,"featured_media":1052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2370"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2370\/revisions"}],"predecessor-version":[{"id":2371,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2370\/revisions\/2371"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1052"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}