what happened in the stock market today

what happened in the stock market today

2 months ago 17
Nature

Today in the stock market, U.S. equities continued their strong rally amid easing trade tensions and a robust jobs report. The Dow Jones Industrial Average rose 564.47 points, or 1.39%, closing at 41,317.43. The S&P 500 increased by about 1.5%, marking its ninth consecutive gain and the longest winning streak since 2004, while the Nasdaq Composite also gained approximately 1.5%

. This rally follows a rebound from earlier losses caused by President Trump's tariff announcements in early April, which had initially caused sharp declines in the market. The S&P 500 has now erased all its losses from that period but remains about 7% below its all-time peak earlier this year

. The positive momentum was supported by April's U.S. jobs report showing 177,000 new nonfarm payrolls, exceeding expectations and maintaining a stable unemployment rate of 4.2%, which boosted investor confidence despite ongoing tariff uncertainties

. Additionally, China signaled openness to trade negotiations if the U.S. retracts some tariffs, further easing concerns about the trade war

. However, corporate earnings were mixed: Apple shares fell 3.7% after warning of a $900 million tariff impact, and Amazon edged down slightly, while energy companies like Exxon Mobil and Chevron posted gains after their earnings reports

. Overall, the market's recent gains reflect optimism about a potential thaw in U.S.-China trade tensions and a resilient labor market, though volatility may persist as negotiations continue

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