From Nasdaq: 2025-05-06 05:49:00

The S&P 500 achieves its longest winning streak since 2004, boosted by a strong jobs report and positive U.S.-China trade talks. Major indexes surged, with the S&P 500, Dow, and Nasdaq all posting gains.

U.S. equities had a strong week, with the Dow, S&P 500, and Nasdaq all climbing by nearly 3% on optimism over Big Tech earnings and progress in trade negotiations.

A better-than-expected U.S. jobs report showed nonfarm payrolls rose by 177,000 in April, easing concerns over the labor market. The unemployment rate remained steady at 4.2%.

China’s commerce ministry signaled openness to trade talks, potentially easing tensions. Major tech companies like Microsoft and Meta had strong performances, while Apple and Amazon faced tariff pressures.

Top-performing ETF areas last week included Natural Gas, Taiwan, Cryptocurrency, Uranium Miners, and Pharma. Rising demand for uranium and advancements in weight loss medications were key factors in the ETF performances. Novo Nordisk’s Wegovy pill acceptance also boosted the Pharma sector.

Overall, the market rally was driven by positive news on trade talks and strong economic data, leading to gains in major indexes and specific ETF areas. Investors remain cautiously optimistic about the market outlook.



Read more at Nasdaq: Inside Last Week’s Wall Street Rally & Best-Performing ETF Areas