Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
U.S. stocks climbed on Friday, boosted by stronger-than-expected job growth and optimism over renewed U.S.-China trade talks. The S&P 500 closed above 6,000 for the first time since February, led by gains in technology stocks.
Nonfarm payrolls rose by 139,000 in May, surpassing forecasts of 130,000, while the unemployment rate held steady at 4.2%. The report eased concerns over economic slowdown and led traders to believe the Federal Reserve will likely delay interest rate cuts until September. The Fed meets later this month.
Investors were also encouraged after President Donald Trump announced that three cabinet officials will meet Chinese representatives in London on June 9 to discuss a trade agreement. Although his recent conversation with Chinese President Xi Jinping left several issues unresolved, markets welcomed the diplomatic progress.
The S&P 500 gained 61.02 points (1.03%) to close at 6,000.32, while the Dow Jones rose 442.88 points (1.05%) to 42,762.62. The Nasdaq jumped 231.50 points (1.20%) to 19,529.95. For the week, the S&P rose 1.5%, the Dow 1.17%, and the Nasdaq 2.18%.
Tesla (NASDAQ:TSLA) rebounded 3.8% after plunging 15% on Thursday amid a public feud between Trump and Elon Musk. Other tech giants saw gains: Amazon rose 2.7% and Alphabet climbed 3.25%.
Wells Fargo jumped 1.9% after S&P Global upgraded its outlook to “positive.” In contrast, Broadcom fell 5% following a weak revenue forecast, and Lululemon plunged 19.8% after slashing its profit outlook due to rising tariff-related costs.
Market breadth was strong, with advancing issues outpacing decliners by over 2-to-1 on both the NYSE and Nasdaq. Trading volume remained light at 14.5 billion shares, below the 20-session average.
