Stock Market Today: Stocks Soar After Jobs Data, Debt Ceiling Deal

The major benchmarks rallied hard into the weekend after a mixed May jobs report and end to debt ceiling drama.

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The May jobs report came out ahead of Friday's opening bell and market participants liked what they saw. 

Sentiment also got a boost after the Senate last night passed a bill to suspend the debt ceiling, effectively averting a U.S. default. As a result, stocks jumped out of the gate and rallied hard into the close. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.