CNBC Business News Update Market Close: Stocks Higher, S&P 500 Index Closes At 6000 For The First Time In 3 Months, Stronger Than Expected Job Creation In May 6/6/25
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Jun 6, 2025 Explore how a strong May jobs report has propelled stock markets, with the S&P 500 hitting a notable milestone. Delve into the ongoing U.S.-China trade talks and their potential implications for investors. Discover Apple’s challenges, including declining share prices amidst tariffs. Additionally, revel in the impressive revenue increases on Broadway thanks to top Hollywood talent, while looking ahead to significant financial events.
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S&P 500 Reaches 6000 Milestone
- The S&P 500 index closed at 6,000 for the first time in three months on strong stock gains.
- Major averages are now positive for the year, reflecting renewed market optimism.
China Resilience in Trade Talks
- Unexpected resilience in U.S.-China trade talks surprised President Trump.
- China did not appear desperate to strike a deal despite U.S. tariffs.
Fed Stays Steady Amid Job Gains
- Despite President Trump's pressure, the Federal Reserve held steady after solid May jobs data.
- Unemployment remained stable at 4.2% with job creation slightly above expectations.