US Labor Market Data Supports the Stock Markets – Investors are Hoping for Later Interest Rate Cuts - Break of a Political Alliance: Trump and Musk in Open Dispute – Lululemon Stock Plunges After an Earnings Forecast cut - Pony.ai is Starting Public Robotaxi Road Tests - Genpact Strengthens AI Expertise - DocuSign Disappoints With billings - Broadcom Surpasses Expectations but Weakens in AI Outlook – Circle: IPO With a Fierce Start - Quanex Significantly Benefits From Tyman Acquisition – German and European Stock Markets are Relatively Stable – Profit-Taking in Defense Stocks, Deutsche Bank in Demand, Real Estate Strengthened Again
Reading Time: 14 minutes
The US markets continued to make gains after the May labor market report alleviated concerns about an impending economic slowdown. The S&P 500 is up by 1%, while the Russell 2000 , which represents smaller companies, rises by 1.3%. Tesla climbs by 4.5%, pulling other tech heavyweights along. At the same time, US Treasury yields fall across all maturities, with two-year yields rising above 4%. The dollar also strengthens. Although the number of newly created jobs is more moderate and previous months were revised downwards, the report narrowly...
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