Fri, 02 May 2025

Fri, 02 May 2025 Wall Street stocks bounce back from Trump tariff losses

Investors were buoyed by a better-than-expected jobs report and rising hope of US-China trade talks.
- US stocks have seen their longest winning streak in two decades, with shares increasing for a ninth consecutive day. - The S&P 500 and Nasdaq rose by 1.5%, while the Dow Jones Industrial Average increased by 1.4%. - The tech sector showed significant gains, with Microsoft and Nvidia growing more than 2%. - A better-than-expected jobs report was released, with US employers adding 177,000 new jobs in April. - This number is higher than analysts' predictions but slower than the month before. - The unemployment rate remained at 4.2%, a stable figure. - Beijing announced consideration of an offer from Washington to hold trade talks between the two countries. - Analysts view this as a positive sign for investors, with some downplaying recession fears despite a recent contraction in the US economy.
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