"Debt Ceiling Deal Sends Markets Surging, Wall Street Braces for Trillion-Dollar Treasury Vacuum"

OPEC+ will maintain its planned oil production for 2023, with Saudi Arabia reducing production by an additional 1 million barrels per day starting in July. The US economy added 339,000 new nonfarm jobs in May, almost double the expected number, but the unemployment rate edged up to 3.7%. President Biden signed a bill suspending the debt limit and imposing caps on government spending, ending a month of uncertainty. US stocks rallied on Friday, with the S&P 500, Dow Jones, and Nasdaq Composite all closing higher for the week. Bank of America advises investors to diversify as the prospect of higher interest rates looms. The CBOE Volatility Index dropped to its lowest level since Feb. 19, 2020, reflecting investors' confidence.