S&P 500 hits 6,000 as Tesla rebounds amid Trump-Musk feud cooldown

US stocks rallied on Friday, with the S&P 500 breaching the 6,000 level following a moderate beat on the monthly jobs report and rising investor hopes of a cooldown in the acrimonious feud between President Trump and Elon Musk.

The S&P 500 added about 1.0% to close at the 6,000 mark, its highest level since February. The Dow Jones Industrial Average rose over 400 points, or 1.1%, while the tech-heavy Nasdaq Composite gained 1.2%.

Tesla shares rebounded as CEO Musk and Trump moved to cool tensions. Musk backed off his threat to decommission the Dragon spacecraft used by NASA after Trump threatened his government contracts. However, the White House tamped down reports of a potential "peace call" between the two.

Tesla shares partially recovered from a 14% wipeout in a broader stock slide on Thursday as mounting differences between the two powerful men erupted into the open. Musk called for the president's impeachment, while Trump threatened the contracts and breaks critical to Musk's business empire.

The feud injected more unpredictability into an already uncertain market, just as weary investors had become cautiously optimistic that Trump tariffs could be reined in and the US economy might prove resilient.

On Friday President Trump said high level trade talks with China would take place in London this upcoming Monday.