Wall Street closed out another winning week on Friday as a strong U.S. jobs report helped boost investor confidence, despite lingering concerns over global trade tensions.
The S&P 500 rose 1%, posting its second consecutive weekly gain, while the Dow Jones Industrial Average also added 1%. The Nasdaq composite led the way with a 1.2% increase, buoyed by gains in tech stocks.
The rally followed news that U.S. employers added 139,000 jobs in May, signaling steady—though slower—hiring amid uncertainty over President Donald Trump’s ongoing trade disputes. Analysts had expected softer numbers, but the labor market showed resilience.
However, not all companies fared well. Lululemon Athletica shares dropped after the popular apparel brand lowered its full-year profit forecast, citing softer consumer demand and operational challenges.
In the bond market, Treasury yields rose, reflecting investor expectations that the Federal Reserve may hold off on aggressive rate cuts. The 10-year Treasury yield climbed to 4.51%.
Despite mixed corporate earnings and macroeconomic uncertainty, investors appear encouraged by the job data and signs of underlying strength in the U.S. economy, keeping major indexes in positive territory heading into the summer.