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Barchart
Barchart
Rich Asplund

Stocks Rally as a Strong US Jobs Report Alleviates Growth Concerns

The S&P 500 Index ($SPX) (SPY) today is up +1.14%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.15%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.20%.  June E-mini S&P futures (ESM25) are up +1.13%, and June E-mini Nasdaq futures (NQM25) are up +1.14%. 

Stock indexes today are sharply higher, with the S&P 500 posting a 3-1/2 month high and the Dow Jones Industrials posting a 3-month high. Stocks are rallying after today’s better-than-expected US May employment report alleviated concerns of an economic slowdown.  Also, comments from US trade adviser Navarro boosted stocks when he said a meeting with China is expected in seven days. 

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