Index Climbs as Strong Jobs Report Alleviates Economic Concerns
From Yahoo Finance: 2025-05-02 16:43:00
The S&P 500 surged 1.5% on Friday, buoyed by a strong pace of hiring in April despite tariff-related uncertainties. DexCom shares spiked after beating sales estimates. Take-Two Interactive delayed Grand Theft Auto VI, causing shares to tumble. Major U.S. equities indexes ended the week higher. The Bureau of Labor Statistics reported more jobs added than expected in April, showing a resilient labor market. DexCom shares soared 16.2% after topping revenue estimates. Franklin Resources stock rose 7.2% post earnings report. GoDaddy exceeded EPS and revenue but saw shares drop 8.4%. Motorola Solutions sank 7.5% despite exceeding expectations. Take-Two Interactive fell 6.7% after postponing Grand Theft Auto VI.
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