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Stocks Hit Highest Since February on Jobs Surprise: Markets Wrap

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US Jobs Preview: What to Watch for in May ReportSource: Bloomberg

By Rita Nazareth and Andre Janse Van Vuuren

June 6, 2025 at 4:34 AM GMT+6

Updated on June 7, 2025 at 2:30 AM GMT+6

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Stocks closed at their highest since February and bond yields rose as jobs data allayed concerns of an imminent economic slowdown. Equities also gained amid hopes US-China trade tensions are easing, with President Donald Trump saying negotiators will talk Monday.

A 1% advance in the S&P 500 drove the gauge to the 6,000 mark. All major industries climbed. Tesla Inc. jumped over 3.5% to lead megacaps higher. Treasuries dropped across the curve, with two-year yields topping 4%. Money markets trimmed bets that the Federal Reserve will cut interest rates this year. The dollar rose. Bitcoin also got a boost.