Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

WALL STREET RALLIES AFTER SOLID JOBS REPORT

The main U.S. equity indexes are up more than 1% on Friday after a solid jobs report calmed investor jitters about the state of the U.S. economy amid trade policy uncertainty.

All 11 of the S&P 500's industry indexes are higher with energy .SPNY and communication services .SPLRCL leading gains.

Consumer discretionary .SPLRCD is also among top gainers as heavyweight Tesla Inc TSLA.O managed to regain some lost ground after its dramatic sell off on Thursday due to the public eruption of a feud between the electric vehicle maker's billionaire CEO Elon Musk and President Donald Trump.

Tesla shares are up 3.9% on Friday after falling more than 14% in the previous session.

On the other end of the spectrum, shares in Lululemon Athletica LULU.O are tumbling more than 19%.

The maker of high-end yoga leggings warned late Thursday that tariff-related costs and uneven demand in key markets of North America and China will dent its profits this year. Company executives said it will make modest price hikes for some offerings and ramp up discounts for the rest of the year.

U.S. job growth slowed in May amid headwinds from tariff uncertainty but it beat expectations and the unemployment rate held steady at 4.2%. Still the solid report may give the Federal Reserve cover to delay resuming interest rate cuts for a while.

While Gary Schlossberg, global strategist at the Wells Fargo Investment Institute in San Francisco, is still expecting economic weakness ahead, he saw the May report as a positive sign for the labor market.

"The market is taking the jobs report as a sign the economy is still holding up well. It's not that we're powering ahead. Its moderate growth but there's little sign we're losing momentum from the jobs report mid-way through the second quarter."

Here is your morning snapshot from 10:28 a.m ET/ 1428 GMT:

(Sinéad Carew)

*****

EARLIER ON LIVE MARKETS:

U.S. STOCK FUTURES ADD TO GAINS, YIELDS RISE, AFTER LATEST JOBS DATA CLICK HERE

GERMAN EQUITIES' CURRENT PRICING OVERLY OPTIMISTIC - BOFA CLICK HERE

CLOCK TICKS DOWN TO US NON-FARM PAYROLLS CLICK HERE

EUROPEAN INSURERS OUTPERFORM IN 2025 AS LIFE INSURANCE MAKES COMEBACK CLICK HERE

STOXX STEADY, HEADS FOR SMALL WEEKLY RISE CLICK HERE

EUROPE BEFORE THE BELL: CAUTIOUS TONE BEFORE PAYROLLS CLICK HERE

TRUMP-MUSK FEUD SHAKES MARKETS PRE-PAYROLLS CLICK HERE