(Reuters) – The New York Stock Exchange opened up sharply on Friday, the US employment report more solid than expected having appeased concerns about the health of the labor market despite persistent customs fears.

The Tesla action bounced also in the aftermath of the public quarrel between the American president Donald Trump and the businessman Elon Musk.

In the first exchanges, the Dow Jones index earns 355.98 points, or 0.84%, at 42,675.72 points and the Standard & Poor’s 500, wider, increased from 0.93% to 5.994.75 points.

The Nasdaq Composite takes 1.18% or 226.76 points, at 19,525.21 points.

The monthly report of the Labor Department identified 139,000 non -agricultural jobs created last month, while the economists interviewed by Reuters provided on average 130,000 net creations after 147,000 in April (revised figure of 177,000).

“Things slow down, but they don’t collapse, and that is the good news. We do not attend a serious deterioration in the job market,” notes Art Hogan, analyst at B Riley Wealth.

These figures are all the more appreciated as they follow a series of less encouraging economic data this week on employment in the private sector and unemployment registration.

The operators are currently providing two Fed rate reductions by the end of the year, the first of 25 base points in September, according to data compiled by LSEG.

At the values, Tesla took 4.3% after deciding about 15% on Thursday due to Donald Trump’s public quarrel with Elon Musk, including threats to interrupt government contracts with the companies of the boss of the automaker.

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(Written by Diana Mandiá, edited by Blandine Hénault)

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