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Fortune

Ben Weiss

Strong jobs report, Tesla rebound buoy markets as S&P 500 nears all-time highs

Tesla Inc. Donald Trump Jobs Report Elon Musk

(Credit: Kevin Dietsch—Getty Images)

The S&P 500 jumped 1% on Friday amid a positive jobs report and a rebound in Tesla’s stock after a disastrous Thursday in which Elon Musk and President Donald Trump battled on social media.

The markets have their mojo back. After the Bureau of Labor Statistics published a strong jobs report on Friday, the S&P 500 posted a daily gain of 1% and weekly rise of 1.8%. The Nasdaq jumped 1.2%, and the Dow Jones rose 1%. The S&P 500 crossed against the 6,000-point mark, just 2.4% below the all-time highs it posted in February.

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