Stocks rallied on Friday as the latest monthly jobs report came in stronger than expected depsite President Trump’s tariff policy revealed in early April and China indicated its willing to talk with the US about a trade deal.
The Dow Jones Industrial Average (^DJI) moved up for a 9th straight day, climbing more than 1%. The S&P 500 (^GSPC) rose 1.3%, on track to extend its longest win streak of 2025. Meanwhile the tech-heavy Nasdaq Composite (^IXIC) rose more than 1.2%.
The April jobs report came in better than expected, despite Trump’s “Liberation Day” reciprocal tariff announcements which shook the markets in April.
Meanwhile China said it’s evaluating approaches from US officials to start negotiations about tariffs.
Among Big Tech, Apple (AAPL) shares declined after the iPhone maker warned of a $900 million tariff headwind this quarter. Amazon (AMZN) shares were little changed after the cloud and e-commerce giant issued disappointing guidance
发表回复