US stocks rose on Friday, boosted by a strong jobs report and signs of easing U.S.-China trade tensions that boosted investor confidence. The S&P 500 rose nearly 1.5%, marking its ninth straight gain and its longest winning streak in two decades. The Dow Jones Industrial Average jumped 563 points, also extending its rally to a ninth straight session, while the Nasdaq gained 1.5%. April nonfarm payrolls rose by 177,000, beating expectations and bolstering optimism about the labor market despite ongoing tariff uncertainty. Sentiment was further buoyed by Beijing's openness to fresh trade talks, contingent on a reduction in U.S. tariffs. Earnings, however, were mixed—Apple shares fell 3.7% after a $900 million tariff warning, while Amazon edged down 0.1% after cautious guidance. Exxon Mobil rose 0.4% and Chevron added 1.7% after announcing their results. For the week, the S&P 500 rose 2.3%, the Dow gained 2.5%, and the Nasdaq jumped 2.7%. (Newsmaker23)
Source: Trading Economics
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