US equities surged at midday, driven by a surprise increase in May job creation that exceeded expectations. The Dow Jones Industrial Average, S&P 500, and Nasdaq all rose as investors reacted positively to the news.
Tesla shares rebounded from yesterday’s decline, with CEO Elon Musk and President Donald Trump seeming to ease their feud. This boost was mirrored by gains in Coinbase Global and Robinhood Markets, as the cryptocurrency industry received a boost from Circle Internet Group’s surge.
Meanwhile, oil producers Chevron and Exxon Mobil benefited from optimism about a potential trade deal between the US and China. However, shares of Lululemon Athletica and G-III Apparel Group fell after they warned that tariffs would hurt profits.
Docusign also reported disappointing billings, leading to a cut in its full-year forecast. Despite this, most major cryptocurrencies rose, with Circle Internet Group’s USDC stablecoin issuer seeing a nearly 170% gain in their trading debut.
Source: https://www.investopedia.com/top-stock-movers-now-tesla-lululemon-docusign-and-more-11749725