U.S. stocks rose on May 2, driven by strong job growth data and the potential easing of U.S.-China trade tensions. The economy added 177,000 jobs in April, surpassing expectations, while unemployment held steady at 4.2%. Despite a recent contraction in GDP, the market reacted positively to trade talk developments and strong earnings from major tech companies like Meta and Nvidia.
Tag: #USStocks
Daily Market Snapshot: May 01, 2025
U.S. stocks extended their gains on Thursday, driven by strong earnings from Microsoft and Meta, which eased concerns about artificial intelligence spending and trade disruptions. The Dow and S&P 500 posted their eighth consecutive day of gains, with tech stocks leading the rally. However, mixed economic data, including a rise in jobless claims and a contraction in U.S. manufacturing, raised some caution for investors.