CNBC Business News Update Market Open: Stocks Higher, Slightly More Jobs Created Than Expected In May, Tesla Shares Rebound Post-Feud 6/6/25
Jun 6, 2025
Wall Street celebrates a positive jobs report, driving major indices higher and reflecting resilience in job creation, especially in healthcare. Meanwhile, economic risks loom as political turmoil stirs market volatility, especially for Tesla. Lululemon’s disappointing earnings are contrasted with the fun of National Donut Day promotions, providing a light-hearted distraction. Excitement builds around new film releases and a sneak peek at the highly anticipated CNBC Disruptor 50 list.
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Market Rally on Jobs Report
- Wall Street closed higher following a favorable May jobs report and gains in major indexes like the Dow and Nasdaq.
- Stocks like Apple and NVIDIA led the rise, reflecting investor optimism.
Steady Jobs Growth Rates
- May's jobs report showed a steady 4.2% unemployment rate with more jobs created than expected.
- Job growth is stabilizing at a pace sufficient to absorb new workforce entrants.
Healthcare Drives Job Creation
- Healthcare has been a consistent leader in job creation, adding about 60,000 jobs monthly this year.
- Its acyclical nature shields the sector from external shocks like tariffs, supporting job market stability.