Strong job report, Tesla Al -Awamah Markets Recovery with the approach of the S&P 500 of its highest levels

• S & P 500 jump 1 % on Friday amid a positive report on jobs and a recovery in Tesla shares after Thursday, the disastrous Thursday, in which Elon Musk and President Donald Trump clashed on social media.

The markets have a wave. After the work statistics office published a strong report on the jobs on Friday, the S& P 500 profit daily recorded 1 % and a weekly increase of 1.8 %. The Nasdaq Stock Exchange jumped by 1.2 %, and Dow Jones rose 1 %. S&P 500 crossed a mark of 6000 points, only 2.4 % lower than its highest levels ever in February.

Economists reconnaissance Through FactSet, I expected the United States to add only 130,000 jobs in May amid the ongoing trade war Donald Trump, a noticeable decrease from 177,000 mentioned in April. Friday, the United States government Declare The addition of 139,000 jobs last month and the number he said was added was added during March and April by 95,000.

The Federal Agency also said that the unemployment rate in May remained steady by 4.2 %. Analysts closely monitor this number to see if Trump’s wing of severe definitions had an impact on the economy. “The unemployment rate should be more important than salary statements, given possible disturbances to display employment,” said analysts at Bank of America in a research note on Friday before publishing job data.

Meanwhile, Tesla, a giant for the manufacture of electric cars, witnessed the recovery of stocks by 3.7 % on Friday. Elon Musk, CEO of Tesla and former Trump team head, was a dramatic break with the 47th president on Thursday after criticizing the tariff of the supreme leader and the proposed budget. “Trump’s tariff will cause stagnation in the second half of this year,” he wrote on X, the social media platform he possesses.

A record number of $ 150 billion in the market value in Tesla was eliminated on Thursday and Musk witnessed a decrease in the net value of 34 billion dollars, according to the Bloomberg billionaires. However, the price of Tesla’s shares recovered on Friday amid increasing the wider market.

Other technology fans were also. Meta saw its shares jumping 1.9 %, Apple increased by 1.6 %, and Microsoft increased by 0.6 %. The Circle, one of the sources in Stablecoin who was in public on Thursday, continued to ride the hot public subscription as its shares increased by 30 % to end the week.

On Friday, positive gains crowned a chaotic week that also witnessed investors to see Trump negotiations with the Chinese government on definitions. On Thursday, the US President to talk With Xi Jinping, President of the People’s Republic, in an attempt to cancel a trade war between the two countries.

This story was originally shown on Fortune.com