New York
CNN
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The US actions rose this Friday and the S&P 500 registered its longest winning streak since 2004, since China noted opening to commercial conversations and assimilation by investors of a better employment report than expected.
The Dow closed up with 564 points, or 1.39 %. The S&P 500, in general, rose 1.47 % and Nasdaq Composite, with a strong technological component, won 1.51 %. The Dow Jones and the S&P 500 registered their ninth consecutive daily gain.
The S&P 500 registered its first nine -day winning streak since November 2004. While the index has registered many seven -eight -day gusts in recent years, the winning streak of nine consecutive days had been elusive during the last two decades, until today.
The S&P 500 rebound this Friday helped the index to erase their losses since President Donald Trump announced his “reciprocal” tariffs on April 2.
The Dow registered its first nine -day winning streak since December 2023. The frontline index is still 2 % below its closing price of April 2.
The recruitment of the stock market received an impulse this Friday after the data of the labor Department showed that the economy created 177,000 jobs in April, exceeding the expectations of around 135,000.
“The markets breathed this morning when employment data exceeded expectations,” said Chris Zaccarelli, Northlight Asset Management investment director, in an email. “While fear of a recession is still latent, the tendency to buy in the falls can continue, at least until the tariff pause ends.”
The actions have constantly risen in recent days, since Trump has softened his tone about the commercial war between the US and China and the White House officials have hinted at possible commercial agreements with other countries, including India. Investors will be attentive to any development or potential delay in commercial progress during Trump’s 90 -day break in “reciprocal” tariffs, except for China.
The actions extended their profits this Friday after a report from the Wall Street Journal that China is considering how to address US concerns about its role in the international trade in Fentanyl.
A spokesman from the China Ministry of Commerce said Friday that he is currently evaluating “the proposals of the United States to start commercial conversations, which was a subtle tone change that could open the door to negotiations.
“The employment in the US remains strong despite the tariff uncertainty,” said David Russell, global head of market strategy in Tradestation, in comments sent by email. “These numbers show that leaders have maneuvering margin to avoid a recession if they can solve commercial problems sooner rather than later.”
Although the solid employment data on Friday pointed out a relatively robust labor market and calmed some nerves on the health of the economy, investors will focus on commercial negotiations and data publications in the coming months to more evaluate the impact of tariffs more thoroughly.
“The labor market remained in a solid base until mid -April, although this moment probably precedes any future impact of the uncertainty of commercial policy,” said David Doyle, head of Economics in Macquarie, in a Friday note. “Looking forward, the labor market trajectory is still intertwined with the developments of commercial policy.”
Wall Street has been nervous for possible cracks in the economy after this week’s data department showed that the economy contracted the last quarter for the first time in years. This was a week full of economic data publications, with other data from the ADP payroll processor that show that hiring in the private sector was significantly decelerated in April.
CNN’s fear and greed index fell back into “fear” this Friday, after briefly rising “neutral” on Thursday for the first time since February 19. The index had remained firm in “fear” and “extreme fear” during the last two months.
“We are not yet out of danger, because it is not clear how different the US commercial approach will be in the second half of 2025 compared to what we have seen to date,” said Zaccarelli.
Matt Stucky, main sharing portfolio manager at Northwestern Mutual Wealth Management, told CNN that navigating “political uncertainty” is the most significant approach to investors in the coming weeks.
“Investors are less concerned than were obviously a couple of weeks ago,” Stucky said. “But that does not mean that I cannot go back, or that I cannot range between pessimism and optimism. So we will have to wait to see what happens with the administration in the coming weeks.”
On Friday morning, Trump published on social networks a call to the Federal Reserve to cut the interest rates, continuing with his diatribe against the Independent Central Bank. “No to inflation, the Fed should lower its rate!” Trump wrote.
A solid employment report is often a sign that the Federal Reserve can reconsider how soon cuts the fees. The operators on Friday reduced their expectations of a rate cut of the Federal Reserve in June, according to the CME Fedwatch tool. Now operators expect a 36.6 % probability that the Federal Reserve cut in June, compared to 55 % probability yesterday.
Meanwhile, inflation has been cooling, but still remains above the 2 % target of the Federal Reserve. “This report gives the Federal Reserve more time to focus on the mandate of inflation,” said Gina Bolvin, president of Bolvin Wealth Management Group, in an email.
This Friday, Barclays and Goldman Sachs delayed their expectations for the first rate cut of this year to July since June.
The 10 -year treasure bonus yield this Friday rose above 4.3 %. The US dollar index fell 0.3 %.
In global markets, the Stoxx 600 reference index in Europe earned 1.67 %. The German Dax index rose 2.62 %. Japan’s Nikkei 225 rose 1.04 % and Hong Kong Hang Seng index rose 1.74 %.
Great technology attract optimists from AI
The rebound of Wall Street this week was also promoted by solid financial results published Wednesday by goal (target) and Microsoft (MSFT). Investors feel calm about the resilience of the focus of great technological in artificial intelligence. Meta shares rose 4.2 % on Thursday and 4.3 % on Friday. Microsoft’s shares rose 7.6 % on Thursday and 2.3 % on Friday.
“There are many things to worry about in the world, but the goal resilience is not one of them,” said Barclays analysts in a note on Wednesday.
Microsoft’s profits for the first quarter were “robust” and showed that there is still a considerable interest in developing data centers for AI, according to Dan Iives, global chief of technological research at Wedbush Securities.
Apple (AAPL) published less favorable results on Thursday, since the company announced that it could suffer an impact of US $ 900 million on the second quarter due to tariffs. Apple’s shares fell 3.74 % on Friday.
Amazon (AMZN) presented “healthy” results for the first quarter, IVES said, but offered mixed forecasts for this year. Amazon’s actions lowered lightly on Friday.
If the S&P 500 closes upwards again on Monday, it will be the first 10 -day winning streak since the 1990s, according to Howard Silverblatt, senior analyst of indices in S&P Dow Jones Indices.
