U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
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.
