Wall Street rises on jobs data optimism; Tesla rebounds

Investors bet on Fed rate cut in September

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The S&P 500 hit its highest in over three months on June 6 and remains nearly 2.2% below record highs touched in February. The Dow index also rose to a near three-month high. © Reuters

(Reuters) -- U.S. stocks rose on Friday after a better-than-expected jobs report calmed worries about the economy, while Tesla rebounded from a sharp plunge a day earlier and technology stocks continued to rise.

Data showed nonfarm payrolls increased by 139,000 jobs last month after rising by a downwardly revised 147,000 in April. Economists polled by Reuters had forecast payrolls advancing by 130,000 jobs.

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