Wall Street gains ground following a solid jobs report and marks another winning week

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Wall Street gains ground following a solid jobs report and.jpeg

New York (AP)-The stocks gained land in Wall Street on Friday after a better report than expected on the US labor market.

The gains were wide, with every S&P 500 RISING sector. This strengthened a second consecutive week in a row for the standard index, which fell from the recession two months ago to come at an amazing distance from its high record.

S&P rose 500 61.06 points, or 1 %, to 6000.36. It is now within 2.3 % of his record.

The Dow Jones industrial average increased 443.13 points, or 1 %, to 42,762.87. Nasdaq increased 231.50 points, or 1.2 %, to 19529.95.

Technological stocks, with their huge values, led to wide gains. Chipmaker Nvidia jumped by 1.2 % and Apple Maker Apple increased by 1.6 %.

Tesla increased by 3.7 %, and she regained some of the great losses that she suffered on Thursday when Trump set out and associated with enthusiasm on social media.

The Circle Internet Group, the US -based exporter, has increased, one of the most popular cryptocurrencies, by 29.4 %. This adds to his profit of 168 % of Thursday when he first appeared on the New York Stock Exchange.

American employers slowed their employment last month, but they still add 139,000 jobs amid uncertainty about the trade war Donald Trump. The monthly update that he seen closely confirmed that the labor market is still flexible, despite concerns about companies and consumers about the impact of definitions on goods that are going to the United States from the United States and its most important commercial partners.

“It seems, at the present time, everything is working smoothly,” said Chris Zakarili, chief investment official at North Direight Asset Management. “Investors see this positively, but we have also not seen the full impact of the definitions yet.”

president Donald Trump’s tariff is currently to influence companies. LululeMon Athletica decreased by 19.8 % after the yoga clothing maker reduced profit expectations late Thursday as it tries to compensate for the effect of customs tariffs while exposure to emerging brands.

LululeMon joins a wide range of companies, from retailers to airlines, who have warned investors of the potential capabilities of their revenues and profits due to the customs tariff that raises costs and perhaps consumers of their spending.

Hopes that Trump will reduce the customs tariff after reaching commercial deals with other countries, was among the main reasons because the S&P 500 has risen very fiercely since about 20 % of its record decreased two months ago. Senior US administration officials will meet with a Chinese delegation on Monday in London in the next round of commercial negotiations between Washington and Beijing.

The economy already accommodates the impact of the customs tariff on a wide range of goods from the main commercial partners, along with raw materials such as steel. The heavier tariffs can strike companies and consumers in the coming months.

The American economy contracted during the first quarter. The recent surveys conducted by the Supply Management Institute, a commercial group of purchasing managers, found that both American companies for manufacturing and contracted services last month. On Tuesday, the Organization for Economic Cooperation and Development expects 1.6 % growth for the US economy this year, a decrease from 2.8 % last year.

The uncertainty about the definitions and their economic impact has been in place in a precise position.

“All things are equal, you can clearly see that they are suspended,” said Zakarili.

The Central Bank maintains the fixed standard interest, as it worries the tariffs of definitions that concern inflation. He fought hard, using increases in interest rates, to reduce inflation again towards his 2 % goal and prices hover over this level.

The Federal Reserve was reluctant to reduce interest rates in 2025 after triming interest rates three times last year. While low interest rates can give the economy a boost, it can also push inflation to the top. This may be especially harmful if import taxes raise the costs of companies and consumers.

Wall Street expects the central bank to keep prices at its meeting in June, but traders expect that it will have to reduce interest rates later this year in an attempt to support the economy.

In the bond market, cabinet revenues made great gains. The return on the cabinet increased for 10 years to 4.51 % from 4.39 % late Thursday. The return of the Treasury Ministry increased for two years, which tracks the expectations of merchants closely what the Federal Reserve will do at night interest rates, to 4.04 % of 3.92 % late on Thursday.

The markets in Europe were mostly higher.

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Ap Elaine Kurtenbach and Matt OTT authors contributed to this report.

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2025-06-06 03:49:00

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