Stock Market Rallies on Strong Jobs Report
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Major US stock indexes enjoyed their best monthly start of the year, fueled by a positive May jobs report showing 139,000 new nonfarm jobs. The S&P 500 surpassed 6000, and all three major indexes—S&P 500, Dow Jones, and Nasdaq—are now in positive territory year-to-date for the first time since February. Positive sentiment was boosted by upcoming US-China trade talks. Despite this, bond yields rose, and expectations for Federal Reserve interest rate cuts decreased.
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