U.S. stocks rose on Friday, with technology shares leading the way, as weaker-than-expected jobs growth eased concerns about the economy running too hot and causing an early tightening of monetary policy.
The Labor Department's closely watched report showed nonfarm payrolls increased by 559,000 jobs last month, helped by vaccinations and a reopening economy, following an unexpected slowdown in the labor market in April.
Economists polled by Reuters had forecast 650,000 new jobs in May.
"It signals the economy continues to recover, but not too quickly to get the Fed to begin either curtailing (bond) purchases or raising rates," said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.