The May jobs report released Friday blew past Wall Street's expectations, signaling that hiring across the U.S. economy remains robust. The unemployment rate came in slightly higher than forecast.
It was the last monthly jobs snapshot before the Fed's June meeting, where the central bank is expected to hold rates steady after 10 consecutive increases.
Around midday, Stock indexes rose with The Dow added 1.8%, or about 600 points. The tech-heavy Nasdaq rose about 1%. The S&P climbed 1.3%, with every sector in the green. All three indexes are on track for gains this week.
Wall Street's "fear gauge" dipped. The Cboe Volatility Index, or VIX, retreated to its lowest level since 2021.
Treasury yields rose. The yield on the 10-year note was recently at 3.677%, compared with 3.607% Thursday.
Source : Marketwatch
