Key Takeaways
U.S. equities were higher at midday when the Labor Department reported May job creation was better than anticipated. The Dow Jones Industrial Average , S&P 500 , and Nasdaq all rose.
Tesla ( TSLA ) was the best-performing stock in the S&P 500 as the feud between CEO Elon Musk and President Donald Trump that sent the stock reeling yesterday appeared to ease.
Shares of Coinbase Global ( COIN ) and Robinhood Markets ( HOOD ) rose as the entire cryptocurrency industry got a boost from continued enthusiasm for USDC stablecoin issuer Circle Internet Group ( CRCL ), which again saw shares soar after skyrocketing nearly 170% in their trading debut yesterday.
Shares of oil producers, including Chevron ( CVX ) and Exxon Mobil ( XOM ), were up on optimism of a trade deal between the U.S. and China.
Lululemon Athletica ( LULU ) shares plunged when the athletic clothing maker slashed its guidance, warning tariffs would hurt profits.
Another apparel company, DKNY owner G-III Apparel Group ( GIII ), also said tariffs would cut into earnings, and withdrew its outlook, sending shares down.
Docusign ( DOCU ) shares tumbled after the e-signature software maker reported lower-than-expected billings, and cut its full-year billings forecast because of its moves to shift to an artificial intelligence (AI) model.
Oil futures advanced. Gold prices fell. The yield on the 10-year Treasury note was higher. The U.S. dollar gained on the euro, pound, and yen. Most major cryptocurrencies were higher.
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