NEW YORK, June 6 (Xinhua) -- U.S. stocks advanced on Friday, as investors reacted positively to the U.S. nonfarm payroll report and growing signs that tensions between U.S. President Donald Trump and Tesla CEO Elon Musk may be cooling.

The Dow Jones Industrial Average rose 443.13 points, or 1.05 percent, to 42,762.87. The S&P 500 added 61.06 points, or 1.03 percent, to 6,000.36, surpassing the 6,000 level for the first time since late February. The Nasdaq Composite Index increased 231.50 points, or 1.20 percent, to 19,529.95.

All of the 11 primary S&P 500 sectors ended in green, with energy and communication services leading the gainers by rising 1.98 percent and 1.88 percent, respectively. Consumer staples posted the weakest growth, up by 0.18 percent.

The U.S. Bureau of Labor Statistics reported that employers added 139,000 jobs in May, exceeding economists' expectations of 125,000. The unemployment rate held steady at 4.2 percent. The numbers reinforced the labor market's resilience, even as ongoing trade uncertainty continues to weigh on economic sentiment.

"The nonfarm payrolls report came in better than expected," Anthony Saglimbene, chief market strategist at Ameriprise, said in an interview with CNBC. "It's showing that the labor market is holding up very well in spite of kind of some slowing growth trends."

"The key figures in the May jobs report are better than solid, they are strong... For the Fed, this likely means they can stay in wait-and-see mode," said economists with Bank of America Global Research.

Markets responded to the jobs report by pricing out a July cut and "we remain comfortable with our view that the Fed won't cut this year," said the economists in a research note.

While inflation and tariffs have dominated headlines, some economists warn that declining immigration could pose an even greater drag on growth.

Deutsche Bank noted that reduced immigration may have a more damaging long-term impact on the economy than trade policies. "While everyone is focused on the impact of tariffs, the real story for the U.S. economy is the collapse in immigration: down more than 90 percent compared to the run rate of previous years, equivalent to a slowing in labor force growth of more than 2 million people," Deutsche Bank's strategist George Saravelos wrote in a note on Friday. "This represents a far more sustained negative supply shock for the economy than tariffs."

Tesla shares rebounded 3.82 percent after Thursday's 14.26 percent plunge, pushing the electric vehicle maker's valuation below the one-trillion-U.S.-dollar mark. The recovery helped ease broader concerns tied to the public dispute between Trump and Musk.

Most large-cap tech stocks also moved higher. Alphabet climbed 3 percent, while Apple, Amazon, and Meta Platforms each gained around 2 percent. Nvidia added 1.21 percent, and Microsoft edged up 0.58 percent to 470.38, a fresh all-time high. Broadcom shares, however, dropped 5 percent despite solid quarterly earnings, as the company's outlook failed to meet expectations.

In the bond market, the yield on the 10-year U.S. Treasury note climbed to 4.51 percent, up from 4.39 percent the previous day, marking its highest level in two weeks. ■