The Dow Jones was up 1.1 percent to 42,762, while the S&P 500 added 1.0 percent to 6,000.
The Nasdaq advanced 1.2 percent to 19,529.
Investors cheered official jobs data released early on Friday, showing that the world’s biggest economy added 139,000 jobs in May while unemployment held steady. The hiring numbers were better than analysts expected.
They also marked a gradual easing from April’s level, as traders monitor the effects of Trump’s sweeping tariffs.
The employment report “gave investors a lot of relief,” said Adam Sarhan of 50 Park Investments. “The economy and the market remain very resilient.”
Markets will also be eyeing the progress of US-China talks on Monday in London, after Trump announced on social media that both sides would be meeting “with reference to the Trade Deal.”
While the world’s two biggest economies have reached a temporary de-escalation in their tit-for-tat tariffs war, negotiations appeared to be at an impasse in recent days.
But the London meeting, unveiled after Trump spoke in a call with President Xi Jinping this week, marks further high-level engagements.
“(Trump) loves making deals,” said Sarhan of the upcoming talks. “Most likely, every day that passes, we’re getting closer to a deal getting done.”
Shares in Tesla also rebounded on Friday, rising 3.7 percent.
Tesla’s shares had tanked a day prior as a spat between Trump and his billionaire former advisor Elon Musk – boss of the electric vehicle company – spilled into the open. (AFP)
