By Sama Marwan,
The US business landscape is characterized by positive job numbers, ongoing trade discussions, and overall market gains.
The US economy added 139,000 jobs in May, exceeding market expectations. This solid jobs report has contributed to a positive sentiment on Wall Street. The S&P 500 climbed 1% on Friday, marking its second weekly gain in a row, with the Dow Jones Industrial Average and Nasdaq composite also seeing gains. Technology stocks, including chipmaker Nvidia and Apple, led these broad increases.
Looking ahead, delegations from the US and China are scheduled to meet in London next week for talks aimed at resolving the ongoing bilateral trade war. President Trump confirmed that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and Ambassador Jamieson Greer will be representing the US in these discussions.
The US Supreme Court also made a ruling allowing the Trump administration’s Department of Government Efficiency (DOGE) to access Americans’ Social Security Administration data. Furthermore, President Trump signed an executive order designed to ease restrictions on American drones and boost their export, amidst strong competition from China.
Despite these positive indicators, some analysts note that the US stock market is trading at a minimal discount, and heightened volatility is expected in the coming quarters, particularly concerning the unresolved trade negotiations.
