• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

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

by May 3, 2025
written by May 3, 2025

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 comment
0
FacebookTwitterPinterestEmail

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 articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Sen. Mike Lee warns Democrats would ‘Rule America uncontested for 100 years’ if they sweep 2024 elections

    November 4, 2024
  • Heritage chief mum on House Dems’ demand for a meeting as left digs in on Project 2025

    August 8, 2024
  • ‘We’re ignoring him’: GOP senators react to Musk’s threat to primary supporters of Trump’s ‘beautiful’ bill

    July 1, 2025
  • New polls show Biden leaving office with approval ratings still buried deep in negative territory

    January 15, 2025
  • This candidate’s path to 270 electoral votes looking more and more promising

    October 24, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,247)
  • Investing (634)
  • Stock (935)

Latest Posts

  • Biden aides ‘scripted’ everything, allowed his faculties to ‘atrophy,’ new book claims

    April 9, 2025
  • Trump says he respects Supreme Court’s decision to deny his request to stop sentencing, vows to appeal

    January 10, 2025
  • FBI phone extractions, DNA testimony headline Day 7 of Ryan Routh trial

    September 16, 2025

Recent Posts

  • Trump scores major win as Senate installs IRS critic to lead the agency

    June 12, 2025
  • GOP Rep. Joe Wilson trumpets ‘Make Iraq Great Again!’ message

    February 28, 2025
  • Healthy living, party unity, and ‘time to smell the roses’: Congressional Republicans’ New Year’s resolutions

    January 1, 2025

Editor’s Pick

  • Ethereum ETFs: A Strong Start, But Can It Match Bitcoin?

    July 30, 2024
  • DAVID MARCUS: Old Man Biden’s autopen pardons should be null and void

    May 18, 2025
  • Trump rescinds Biden-era policy declaring DEI an ‘integral’ part of scientific process

    March 20, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock