The post S&P 500 reaches 6,000 for first time since February on NFP print appeared on BitcoinEthereumNews.com.

S&P 500 reaches 6,000 for the first time in 15 weeks. May NFP shows job gains at 139K, above the 130K consensus. AVGO, DOCU stocks shed weight on earnings guidance. Musk and Trump patch up their differences from Thursday’s war of words. The S&P 500 has dashed up above 6,000 on Friday morning after the May Nonfarm Payrolls (NFP) print came in above consensus, dispelling worries that Wednesday’s ADP Employment Change disaster would carry over into the more trust NFP data. This was the first time since February 26 that the S&P 500 reached that level. Additionally, Tesla (TSLA) CEO Elon Musk sought to patch up his relationship with US President Donald Trump after Thursday’s meltdown in which the former Trump administration figure called for the impeachment of the president on social media. Musk said he would not break off SpaceX’s relationship with NASA, the US government’s space agency. All three major US equity indices have advanced over 1% on Friday, and investors look to end the week with a bang. S&P 500 news For the first time in 15 weeks, the S&P 500 has reached the 6,000 level, a point first reached on November 4 last year. The interim saw a fierce pullback to the 4,800s, but the back half of April and May have witnessed strong rallies to recover the lost ground. The US Bureau of Labor Statistics has also greatly boosted bullish fervor with its 139K NFP print for May. That figure was better than the 130K consensus figure from economists. But it was also below April’s data, which saw a major revision from 177K to 147K. The Unemployment Rate remained at 4.2% in May, but the Labor Force Participation Rate fell from 62.6% to 62.4%. Average Hourly Earnings also rose above consensus on both a monthly…

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Filed under: News - @ June 6, 2025 5:30 pm