Monthly US Jobs Report Shows Broad-Based Growth as Wage Inflation Slows

US hiring rebounded in May as employers added 336,000 jobs.
Wage growth decelerated but index funds still rebounded, notching solid gains.
Europe's major benchmarks all closed higher as the specter of a US debt default faded.
The Federal Reserve is likely to remain patient in raising interest rates given slowing wage growth.
Positive earnings results from Lululemon Athletica, Dell and Broadcom boosted technology and consumer stocks.