Overview

• The U.S. economy added 139,000 jobs in May, topping forecasts and holding the unemployment rate at 4.2%.
• U.S. and Chinese negotiators are set to resume trade talks in London on June 9, fueling hopes of tariff de-escalation.
• Markets are pricing in a Federal Reserve hold at its June meeting with potential rate cuts by September.
• Lululemon Athletica shares plunged nearly 20% after the company cut its profit outlook, citing rising tariff-related costs.
• Some analysts warn the benchmark’s rally could be a temporary bear-market bounce unless it breaks out to fresh highs.