Strong jobs report and a bit of 'fomo' are driving friday's rally: globalt

Friday's stronger-than-expected May jobs report was certainly at the top of investors' minds, but a little bit of "FOMO" was helping to give stocks a boost as well as

major indexes tapped their highest levels in months. "When the market has been on a tear like this, you have a little bit of a fear of missing out," said Thomas Martin, senior

portfolio manager at Globalt Investments, during an interview with MarketWatch on Friday. Investors also benefited from the fact that no potentially destabilizing new trade-related headlines

have landed recently. Meanwhile, the feud between President Trump and Tesla CEO Elon Musk appeared to have cooled down a bit. Strong guidance from Broadcom Inc. also likely helped boost

investors' confidence in the artificial-intelligence trade, Martin said, even as Broadcom shares were off by 3%.