· Stocks jumped on Friday, building on strong weekly gains, as weak economic data increased the odds of easier monetary policy from the Federal Reserve.

The Dow Jones Industrial Average closed 263.28 points higher at 25,983.94, led by gains in Microsoft and Apple. The climbed 1% to 2,873.34 as the tech sector outperformed. The Nasdaq Composite gained 1.7%to 7,742.10.

· The U.S. economy added 75,000 jobs in May, marking the second time in four months that jobs growth totaled less than 100,000. Economists polled by Dow Jones expected an increase of 180,000 jobs. Wage growth also slowed.

· “The market’s got a conundrum here. That’s a bad report. Just on the report itself, I think people would want to sell the market. However, the fact that it really makes the case for a rate cut, I think is why you’re seeing the market hang in there,” said JJ Kinahan, chief market strategist at TD Ameritrade.

· Market expectations for a Fed rate cut in June rose to 27.5% from 16.7% after the data release, according to the CME Group’s FedWatch tool. The market is also pricing in a 79% chance of lower Fed rates by July.

· Stock futures indicated that the Dow Jones Industrial Average would open more than 100 points higher Monday in the wake of President Donald Trump’s decision to suspend planned tariffs against Mexico.

Trump announced on Friday that he would not impose 5% tariffs on Mexican exports, after Mexico agreed to strengthen immigration enforcement.

· European stocks closed higher Friday as disappointing U.S. nonfarm payroll figures boosted speculation of an interest rate cut from the Federal Reserve.

The pan-European Stoxx 600 closed provisionally up almost 0.9%, technology stocks leading gains with a near 2% rise as all sectors were in positive territory.

· Stocks in Japan were set to trade higher on Monday after U.S. President Donald Trump’s announcement last week that tariffs would not be slapped on Mexican goods.

The Nikkei futures contract in Chicago was at 21,215, as compared to the benchmark Nikkei 225′s last close at 20,884.71.

Meanwhile, markets in Australia are closed on Monday for a holiday.

Reference: CNBC