The Dow Jones Industrial Average and broader U.S. stock markets opened the week on edge as investors digested the latest jobs report, which delivered better-than-expected employment numbers and tempered recession fears. The upbeat data helped major indices rebound after a volatile stretch marked by economic uncertainty and global trade concerns.
Dow futures pointed higher early Monday, reflecting renewed optimism among traders. The jobs report, released just ahead of the Federal Reserve’s upcoming policy meeting, is fueling speculation that the central bank will keep interest rates steady, though markets are still pricing in two rate cuts by year’s end, with the first expected in September.
Tesla (TSLA) shares, which suffered a sharp 15% drop last week amid a public feud between CEO Elon Musk and former President Donald Trump, staged a premarket recovery. The stock bounced back over 4% in early trading, regaining some of the $150 billion in market value lost during Thursday’s selloff Analysts are watching key technical levels for TSLA, with support seen in the low $280s and resistance in the $350 range, as short-term volatility remains elevated.
Investors remain focused on the interplay between economic data and central bank policy, while high-profile stocks like Tesla continue to drive market sentiment. The combination of a resilient labor market and easing political tensions is setting the stage for a potentially pivotal week on Wall Street.
