{"id":39381,"date":"2025-05-03T11:36:00","date_gmt":"2025-05-03T11:36:00","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/03\/dow-jumps-384-points-as-jobs-data-lifts-wall-street-sp-500-eyes-longest-winning-streak-since-2004\/"},"modified":"2025-05-03T11:36:00","modified_gmt":"2025-05-03T11:36:00","slug":"dow-jumps-384-points-as-jobs-data-lifts-wall-street-sp-500-eyes-longest-winning-streak-since-2004","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/03\/dow-jumps-384-points-as-jobs-data-lifts-wall-street-sp-500-eyes-longest-winning-streak-since-2004\/","title":{"rendered":"Dow jumps 384 points as jobs data lifts Wall Street; S&P 500 eyes longest winning streak since 2004"},"content":{"rendered":"
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US stocks surged on Friday after a stronger-than-expected April jobs report eased recession concerns and bolstered confidence in the economy. <\/p>\n

The Dow Jones Industrial Average gained 384 points, or 0.9%, while the S&P 500 climbed 0.9%, extending its rally and putting the benchmark index on track for its longest winning streak in over two decades. <\/p>\n

The Nasdaq Composite also advanced 0.8%, reflecting broad optimism across markets.<\/p>\n

Strong jobs report boosts investor sentiment<\/h2>\n

April’s nonfarm payrolls grew by 177,000<\/a>, handily beating the 133,000 expected by economists surveyed by Dow Jones. <\/p>\n

While the figure was lower than March\u2019s revised 185,000, it was enough to calm nerves around a potential slowdown. <\/p>\n

The unemployment rate held steady at 4.2%, meeting expectations and reinforcing the view that the labor market remains resilient.<\/p>\n

The upbeat report led traders to push back expectations for a Federal Reserve rate cut. <\/p>\n

According to the CME FedWatch Tool, investors now anticipate the next rate reduction in July, removing a June cut from immediate forecasts. <\/p>\n

Market pricing continues to suggest three to four rate cuts for 2025, depending on economic developments.<\/p>\n

S&P 500 nears historic milestone<\/h2>\n

The S&P 500\u2019s performance on Friday placed it on course for a nine-day winning streak\u2014its longest since November 2004. <\/p>\n

Strong corporate earnings and easing trade tensions have contributed to the rally, with the S&P up 2.3% this week. <\/p>\n

The Dow is tracking a 2.5% weekly gain, while the Nasdaq is up 2.7%.<\/p>\n

Positive sentiment<\/a> was further lifted by reports that China may reopen trade negotiations with the US, although Beijing reiterated its demand for the removal of unilateral tariffs.<\/p>\n

Apple and Amazon earnings in focus<\/h2>\n

Among mega-cap tech stocks, Apple slid 4% after reporting disappointing services revenue and warning of $900 million in additional tariff-related costs for the current quarter. <\/p>\n

Amazon hovered near the flatline, with better-than-expected Q1 results tempered by conservative forward guidance that cited risks from trade policy changes.<\/p>\n

Chevron falls on weaker profits<\/h2>\n

Shares of oil giant Chevron fell more than 2% after the company reported a sharp 30% drop in Q1 profits due to falling oil prices. <\/p>\n

Chevron posted earnings of $3.5 billion, or $2 per share, down from $5.5 billion a year earlier. <\/p>\n

While earnings excluding one-time items matched Wall Street expectations at $2.18 per share, weak oil demand and oversupply concerns weighed on sentiment.<\/p>\n

Looking ahead, investor attention will remain focused on Federal Reserve policy, geopolitical developments, and the continuation of Q1 earnings season. <\/p>\n

The resilience in US jobs data, combined with trade-related headlines, will likely shape market momentum in the weeks ahead. <\/p>\n

As Wall Street eyes a potential turning point, the next few sessions will be critical in determining whether the current rally has room to extend.<\/p>\n

The post Dow jumps 384 points as jobs data lifts Wall Street; S&P 500 eyes longest winning streak since 2004<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US stocks surged on Friday after a stronger-than-expected April jobs report eased recession concerns and bolstered confidence in the economy. The Dow Jones Industrial Average gained 384 points, or 0.9%, while the S&P 500 climbed 0.9%, extending its rally and putting the benchmark index on track for its longest winning streak in over two decades. <\/p>\n","protected":false},"author":1,"featured_media":39382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-39381","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=39381"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/39381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/39382"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=39381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=39381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=39381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}