*DOW JUMPS OVER 400 POINTS, VIX TUMBLES AS STOCKS RALLY TO END THE WEEK ON SOLID JOBS REPORT $SPY $QQQ $VIX 🇺🇸 https://t.co/t0jhkAoZEe
Stocks gained ground on Wall Street Friday following a better-than-expected report on the U.S. job market. https://t.co/LAa3zZzkN0
U.S. stocks and government-bond yields jumped after the monthly jobs report eased fears about a recession https://t.co/IEucI5x9px
Global financial markets showed mixed performance early in the week ahead of the European Central Bank's (ECB) anticipated rate cut. U.S. stock futures remained mostly flat as investors awaited the ECB decision and upcoming U.S. employment data. On June 6, the U.S. Labor Department reported the economy added 139,000 jobs in May, surpassing the expected 125,000. This stronger-than-forecast jobs report led to a surge in U.S. stock futures and a decline in Treasury yields, easing concerns about an economic slowdown and recession risks. Major U.S. indexes, including the S&P 500 and Nasdaq, extended gains aiming for a second consecutive week of increases. European stock markets also rose for the second straight week, supported by robust U.S. employment figures and reduced worries over trade tensions. On June 7, the Dow Jones Industrial Average jumped over 400 points, while the CBOE Volatility Index (VIX) fell sharply, reflecting investor optimism following the solid U.S. jobs data.
