Weekly Stock Market Update | Dow, S&P 500, NASDAQ News – June 08, 2025 at 07:00 AM

The Dow Jones Industrial Average jumped 443.13 points, or 1.05%, to close at 42,762.87. This follows a more than solid jobs report from the Bureau of Labor Statistics, revealing that U.S. payrolls climbed by 139,000 in May. Investors are also anticipating tariff-related inflation impacts, which are expected to be reflected in economic data this summer.

The S&P 500 gained 1.03%, surpassing the 6,000 level for the first time since late February and settling at 6,000.36. The S&P 500 ended the session 2% below its February high but posted a gain of 1.5% for the week.

The Nasdaq Composite rallied 1.20%, ending at 19,529.95, showing a significant jump of 2.2% over the week.

Tesla shares gained over 3% after a sharp drop of 14% when CEO Elon Musk had a public dispute with President Donald Trump. However, other tech companies, including Nvidia, Meta Platforms, and Apple, ended the session on a high note.

In terms of losers, Tesla experienced a significant drop in its stock following CEO Elon Musk’s engagement in a social media spat with President Trump. This saw Tesla’s stock falling by 14% in a single day, making a noticeable dent in the S&P500 and the Nasdaq.

As the market eyes inflation data for the month of May, updates on corporate earnings from GameStop, Oracle, and Adobe are forthcoming, with Apple’s Worldwide Developers Conference also in focus. Activities related to trade negotiations and Federal Reserve interest rate policy decisions continue to be closely watched.

Tariff impacts are starting to show up in economic data, raising inflation concerns which could threaten consumer spending power. However, investors remain hopeful that the stock market can overcome a possible one-time adjustment in pricing pressures.

Nevertheless, grounds for optimism persist as the effective tariff rate has significantly come down following China and the U.S.’s willingness to negotiate duties.

Wall Street has seen a cautious rally this week in hopes of President Donald Trump softening his tone on trade wars. As a result, the S&P 500 closed Friday at its highest level since February. The Dow closed 443 points up, a 1.05% increase. The S&P 500 rose by 1.03% and the Nasdaq Composite gained 1.2%. Back-to-back weeks of gains were posted by the Dow, S&P 500, and Nasdaq.

Tesla (TSLA) led the rebound, gaining 3.67%. The electric car manufacturer’s stock value had plummeted 14% after a social media dispute with President Trump. Despite the rebound, Tesla’s market value remains down by approximately $119 billion over the past two days.

On the downside, the Dow Jones Industrial Average fell 91.90 points, or 0.22%, ending the week at 42,427.74. The loss is attributed to concerns over trade policy uncertainty impacting the U.S. economy. Also, payrolls processing firm ADP reported a significant decline in private sector hiring — its lowest in over two years.

Barclays strategist Venu Krishna increased his year-end S&P 500 target by almost 3%, moving from 5,900 to 6,050. This left the S&P 500 less than 3% below its all-time high. His move follows similar adjustments by RBC’s Lori Calvasina and Deutsche Bank’s Binky Chadha. Despite the revisions, they still fall short of their initial 2025 forecasts.

Separately, Apple received a rare downgrade from Needham, lowering its rating from buy to hold due to high relative valuation, increasing fundamental growth headwinds, and rising competition.