American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Dow jumps 384 points as jobs data lifts Wall Street; S&P 500 eyes longest winning streak since 2004

by admin May 3, 2025
May 3, 2025
Dow jumps 384 points as jobs data lifts Wall Street; S&P 500 eyes longest winning streak since 2004

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.

The Nasdaq Composite also advanced 0.8%, reflecting broad optimism across markets.

Strong jobs report boosts investor sentiment

April’s nonfarm payrolls grew by 177,000, handily beating the 133,000 expected by economists surveyed by Dow Jones.

While the figure was lower than March’s revised 185,000, it was enough to calm nerves around a potential slowdown.

The unemployment rate held steady at 4.2%, meeting expectations and reinforcing the view that the labor market remains resilient.

The upbeat report led traders to push back expectations for a Federal Reserve rate cut.

According to the CME FedWatch Tool, investors now anticipate the next rate reduction in July, removing a June cut from immediate forecasts.

Market pricing continues to suggest three to four rate cuts for 2025, depending on economic developments.

S&P 500 nears historic milestone

The S&P 500’s performance on Friday placed it on course for a nine-day winning streak—its longest since November 2004.

Strong corporate earnings and easing trade tensions have contributed to the rally, with the S&P up 2.3% this week.

The Dow is tracking a 2.5% weekly gain, while the Nasdaq is up 2.7%.

Positive sentiment 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.

Apple and Amazon earnings in focus

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.

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

Chevron falls on weaker profits

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.

Chevron posted earnings of $3.5 billion, or $2 per share, down from $5.5 billion a year earlier.

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

Looking ahead, investor attention will remain focused on Federal Reserve policy, geopolitical developments, and the continuation of Q1 earnings season.

The resilience in US jobs data, combined with trade-related headlines, will likely shape market momentum in the weeks ahead.

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.

The post Dow jumps 384 points as jobs data lifts Wall Street; S&P 500 eyes longest winning streak since 2004 appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Reddit is attracting ad dollars: will RDDT shares rally further in 2025?
next post
Movement Labs’s MOVE token tumbles 73% as Coinbase delisting follows $38M sell-off

Related Posts

What is Lip-Bu Tan doing for Intel stock...

July 26, 2025

This crypto expert predicts Bitcoin to hit $70k-$75k...

October 18, 2024

SYLD just soared to a record high: is...

October 17, 2024

Gas prices are rising. Here’s how to stretch...

July 9, 2024

AMD stock price forecast 2025: the plot thickens

January 7, 2025

A year after Silicon Valley Bank failed, another...

March 3, 2024

Why are SPACs suddenly hot again and should...

June 26, 2025

A list of Nvidia chips named after women...

March 14, 2025

Are Pony AI US operations really up for...

July 14, 2025

Indian markets close: Sensex soars 1,509 points, Nifty...

April 17, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • India-UK sign historic free trade deal: here’s all you need to know

      July 24, 2025
    • Talen Energy surges 25% to ATH after strategic natural gas power plant acquisition

      July 20, 2025
    • US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

      July 20, 2025
    • Trump sues Murdoch and News Corp over Wall Street Journal’s Epstein report

      July 20, 2025
    • The new global demographic challenge: not too many, but too few

      July 20, 2025

    Categories

    • Business (3,484)
    • Investing (2,660)
    • Latest News (2,022)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved