**Wall Street Rebounds as Jobs Report Boosts Investor Confidence**

Sun May 04 2025 14:02:58 GMT+0300 (Eastern European Summer Time)
**Wall Street Rebounds as Jobs Report Boosts Investor Confidence**

Shares rise for a record ninth consecutive day amidst positive job growth and potential US-China trade discussions.


The latest job statistics and hints of renewed trade negotiations have lifted Wall Street stocks, enabling investors to recover from earlier losses tied to tariffs.


Wall Street has rebounded decisively from the losses experienced following President Trump's global tariffs imposed a month ago, marking the longest winning streak for US stocks in 20 years. For the first time since 2004, shares gained for nine consecutive days, buoyed by a more favorable jobs report and increasing optimism regarding US-China trade dialogues.

By the end of trading on Friday, all major US indexes showed positive results, with the S&P 500 and Nasdaq both rising by 1.5%, while the Dow Jones Industrial Average climbed 1.4%. The technology sector led the rally, with strong performances from companies like Microsoft and Nvidia, both increasing by over 2%.

The Department of Labor released a report indicating that US employers added 177,000 jobs in the month of April, exceeding analysts' expectations, despite a noted slowdown in hiring compared to previous months. The unemployment rate remained stable at 4.2%.

Additionally, investors responded positively to Beijing's announcement that it is considering engaging in trade talks with Washington, as China currently faces the highest import tariffs in the world at 145%.

Experts expressed a cautious sense of relief, with Carl Weinberg, chief economist at High Frequency Economics, suggesting that the recent job figures provide no evidence of an impending recession. Similarly, Seema Shah, chief global strategist at Principal Asset Management, noted that although the economy may weaken in the coming months, there is potential for the US to avoid recession if tariff tensions deescalate.

Conversely, some analysts, such as Olu Sonola from Fitch Ratings, warned that while the jobs report is encouraging, the overall economic outlook remains uncertain due to the distant repercussions of Trump's tariff policies.

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