Positive

From Nasdaq: 2025-05-02 16:18:00

Stocks surged on Friday, with the S&P 500 closing higher for the ninth consecutive session, marking its longest winning streak in over twenty years. The Nasdaq rose 1.5 percent, the S&P 500 gained 1.5 percent, and the Dow jumped 1.4 percent. Tech-heavy Nasdaq soared by 3.4 percent for the week. The rally followed a Labor Department report showing U.S. job growth exceeded expectations in April. China is open to trade talks with the U.S., boosting investor sentiment. Despite Apple’s slump, airline and semiconductor stocks saw significant gains. Overseas markets and bond yields also rose in reaction to the positive jobs data.



Read more at Nasdaq: Upbeat Jobs Data, Optimism About Trade Talks With China Sparks Rally On Wall Street