US stocks surged on Friday, with the Dow, S&P 500, and Nasdaq all rising more than 1%, as a better-than-expected jobs report helped calm concerns about the health of the US economy. The US added 137,000 jobs in May, slightly beating forecasts, while the unemployment rate held steady at 4.2% and wages rose 0.4%, above the expected 0.3%. Although job figures for the previous two months were revised sharply lower, the data still signaled resilience in the labor market. Still, President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates by a full percentage point. Among individual movers, Tesla rebounded over 3% after a steep 14% drop the previous day, as tensions between President Trump and CEO Elon Musk appeared to ease. Other major tech stocks, including Nvidia, Meta Platforms, and Apple, also traded higher, contributing to the broader rally.