All three benchmarks notched their third weekly gain in four
Stocks rallied today after a stronger-than-expected jobs report reignited investor optimism. The Dow added 443 points, while the Nasdaq also enjoyed a triple-digit gain, and the S&P 500 closed above 6,000 for the first time since February. For the week, all three major benchmarks notched their third weekly gain in four.
This afternoon, President Trump announced that trade talks between the U.S. and China would occur next week in London. Meanwhile, despite the Trump-Musk feud, House Speaker Mike Johnson assured reporters today that "the tax bill is not in jeopardy."
Continue reading for more on today's market, including:
- A week packed with economic data: What mattered.
- Disappointing revenue guidance dinged Samsara stock.
- Plus, 2 stocks that plummeted after earnings today; and what's on tap next week.
5 Things to Know Today
- Omada Health (OMDA) soared after its Nasdaq debut. (Stocktwits)
-
China’s Ministry of Commerce has approved temporary export licenses to
rare-earth suppliers of a few top U.S. automakers. (
Reuters)
- DocuSign stock brushed off upbeat results after billings fell short.
- Lululemon stock had it's worst day since the Covid-19 crash.
- Inflation data in the spotlight next week.
Oil, Gold Post Weekly Rises
Oil prices climbed today, notching their first weekly gain in three weeks. July-dated West Texas Intermediate (WTI) crude added $1.19, or 1.8%, to settle at $66.53 a barrel.
Meanwhile, gold retreated for the second day after strong jobs data. August-dated gold futures fell 0.9% to $3,345.20 on the day, though still finishing the week with a gain.