Dow Jones (DJIA), Nasdaq Rally on Strong NFP Jobs, Trade Hopes, After Q1 Slump
Stock markets ended the week on a strong note, with Nasdaq and Dow Jones leading, rising steadily on solid jobs data and renewed optimism ov
Quick overview
- US stock markets closed higher for the second consecutive week, with the S&P 500 extending its winning streak to nine sessions.
- The latest non-farm payrolls report showed a rise of 177,000 jobs, exceeding expectations and reinforcing a stable labor market.
- Positive news regarding US-China trade relations and strong Q1 earnings from major corporations contributed to the market's bullish momentum.
- All three major indices posted significant weekly gains, with the NASDAQ leading at +3.42%, driven by optimism in tech stocks.
Live DOW Chart
Stock markets ended the week on a strong note, with Nasdaq and Dow Jones leading, rising steadily on solid jobs data and renewed optimism over US-China trade relations.
S&P 500 Logs Ninth Straight Gain
US stock markets closed higher for the second consecutive week, continuing a broad rally that saw the S&P 500 extend its winning streak to nine straight sessions. Since reaching a low on April 21, the benchmark index has now climbed 11.48%, reflecting a sharp recovery in investor confidence.
NFP Jobs Report Steadies Markets
Driving much of the gains was the latest US non-farm payrolls report, which delivered numbers that were either in line with or slightly ahead of expectations. Payrolls rose by 177,000 in the latest reading, exceeding forecasts of 130,000. However, revisions to previous data adjusted last month’s job gain down to 185,000 from the initially reported 228,000. The unemployment rate came in at 4.2%, as projected, with minor adjustments to prior figures. Labor force participation ticked slightly higher to 62.6% from 62.5%, reinforcing the view of a stable labor market.
China Trade News Lifts Risk Appetite
Another catalyst emerged from overseas. A report in The Wall Street Journal suggested that China is seeking a limited agreement on fentanyl production as a way to reopen formal trade discussions with the US. This development was welcomed by markets as a positive signal in a strained geopolitical environment, helping to boost equities and push bond yields higher as investors rotated back into risk assets.
April Ends Strong Despite Early Volatility
In terms of broader performance, the Dow Jones Industrial Average has risen 9.22% since its early April lows, while the tech-heavy NASDAQ has led with a remarkable 14.61% gain. This marks a dramatic turnaround from the steep sell-off seen in the first week of April, making the overall month surprisingly resilient.
Earnings Season Boosts Confidence
Adding further momentum to the market recovery were robust Q1 earnings results from major US corporations. Better-than-expected reports from industry giants across technology, finance, and consumer sectors added to the positive tone, reinforcing investor belief that corporate America remains in solid shape despite ongoing macroeconomic uncertainties.
Nasdaq Chart Monthly – Bullish Pattern Points to New Highs
Friday’s Closing Levels – Major US Indices
- Dow Jones Industrial Average closed up 564 points, or +1.39%, finishing the day at 41,317.43. The index showed strong momentum into the weekend, supported by gains in financials and industrials.
- S&P 500 advanced 82.54 points, or +1.47%, to close at 5,686.65, registering a broad-based rally across all 11 sectors, with tech and consumer discretionary leading.
- NASDAQ Composite climbed 66.99 points, or +1.51%, ending at 17,977.73. The tech-heavy index was buoyed by large-cap tech firms and upbeat investor sentiment on AI-related stocks.
Weekly Performance Summary – US Indices
- Dow Jones gained +3.00% for the week, marking its strongest weekly performance since early February. Optimism around earnings and economic resilience helped fuel the rally.
- S&P 500 rose +2.92% over the week, extending its April rebound and continuing a streak of daily and weekly gains. Investors shrugged off earlier concerns around rate cuts.
- NASDAQ posted the largest weekly gain at +3.42%, as tech stocks remained in favor, driven by earnings optimism and easing Treasury yields.
So, Wall Street did wrap up the week on a high note, with all three major indices notching both strong daily and weekly gains. A combination of solid earnings, improved economic indicators, and easing geopolitical tensions helped extend bullish momentum. The NASDAQ led the charge, reflecting renewed enthusiasm in growth and technology stocks. With key data and Fed commentary on the horizon, market participants are watching closely to see whether the rally has room to extend further into May.
Dow Jones Live Chart
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