"Nvidia Tests Key Level As Tesla CEO Musk Rebuffs Report Amid Strong Jobs Data"

Stocks rose more than 1% after a strong jobs report, with major indexes showing gains despite closing off session highs. The hot jobs data dampened hopes of a rate cut in June, leading to a surge in the 10-year Treasury note yield. In the stock market, growth 250 stocks gained, while Tesla fell after reports of plans for a mass-market car being called off, which CEO Elon Musk rebuffed. Additionally, banks are set to report their first quarter 2024 earnings next week.