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For all that the uncertainty around Washington's global tariff war and worrisome U.S. fiscal outlook continue to unnerve investors, not to mention the Trump-Musk public mud-slinging circus, world markets just closed out a quietly impressive week. Broad U.S., Asian, European and emerging market equity benchmarks all rose, pushing the MSCI World index to a fresh record high, while the dollar, Treasury yields and gold generally held steady over the week. Investors appear to be in a forgiving mood, willing to trust that policymakers will dial down global trade tensions, slow the U.S. fiscal train as it approaches the cliff edge, and steer the world economy through these choppy waters with minimum damage.

Shares of online community and discussion platform Reddit (NYSE:RDDT) jumped 7.2% in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000.

Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 7% in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000.

Shares of online advertising giant Alphabet (NASDAQ:GOOGL) jumped 3.3% in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 6.1% in the afternoon session after CEO Elon Musk and President Donald Trump appeared to de-escalate their recent tensions. The spat contributed to the double-digit decline in Tesla's stock price the previous day.

Shares of athletic apparel retailer Lululemon (NASDAQ:LULU) fell 19.4% in the afternoon session after the company reported underwhelming Q1 2025 results. Its EPS guidance for next quarter missed and its full-year EPS guidance fell short of Wall Street's estimates.

Shares of building products company Quanex (NYSE:NX) jumped 10.6% in the afternoon session after the company reported strong second-quarter 2025 (fiscal) results as sales and earnings exceeded Wall Street's forecasts. The outperformance was supported by early contributions from the recently acquired Tyman business.

(Bloomberg) -- Robinhood Markets Inc. shares extended gains into a sixth straight day as investors speculate that the online brokerage could become the latest firm to earn a coveted spot in the S&P 500 Index. Most Read from BloombergNext Stop: Rancho Cucamonga!ICE Moves to DNA-Test Families Targeted for Deportation with New ContractWhere Public Transit Systems Are Bouncing Back Around the WorldUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnTrump Said He Fired the National P

A unique mutual fund type is gaining ground with advisors, according to the FPA's newest survey. Advisors say the data points to a broader trend of planners shifting away from investment management.

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue to in the future.