Stock market today: Dow, S&P 500, Nasdaq jump amid jobs report beat, hopes for US-China talks
Stocks rallied on Friday as the labor market proved resilient in the face of the tariff policy revealed by President Trump in early April and as China indicated it is willing to talk with the US about a trade deal.
The Dow Jones Industrial Average (^DJI) moved higher for a 9th straight day, climbing more than 1% soon after the open. The S&P 500 (^GSPC) rose 1.3%, on track to extend its longest win streak of 2025. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) rose more than 1.2%.
The latest monthly jobs report came in better than expected, with hiring holding up in April despite Trump’s “Liberation Day” reciprocal tariff announcements that shook the markets.
China said on Friday it’s evaluating recent approaches from US officials to start negotiations about tariffs.
Among Big Tech, Apple (AAPL) stock declined after the iPhone maker warned of a $900 million tariff headwind this quarter. Amazon (AMZN) shares were little changed after the cloud and e-commerce giant issued disappointing guidance