**Major US stock indices surge as hope for trade negotiations grows amid strong job growth figures.**
**Trump Tariffs Reignite Wall Street Optimism as Markets Rebound**
**Trump Tariffs Reignite Wall Street Optimism as Markets Rebound**
**Stocks recover from past losses, buoyed by positive jobs report and renewed trade talk prospects.**
Wall Street has successfully recovered from the losses suffered following President Donald Trump's global tariff imposition a month ago, achieving the longest winning streak for US stocks in two decades. The market has posted gains for nine consecutive days, marking this achievement for the first time since 2004, largely driven by a surprisingly robust jobs report and an optimism surrounding US-China trade discussions.
On Friday, all major US indices closed higher, with the S&P 500 and Nasdaq both increasing by 1.5%, while the Dow Jones Industrial Average saw a 1.4% rise. Notably, the technology sector led the charge, with tech giants Microsoft and Nvidia both surging over 2%. The positivity came on the heels of the Department of Labor's announcement that US employers created 177,000 new jobs in April, surpassing analyst expectations despite reflecting a slowdown in hiring compared to previous months. Additionally, the unemployment rate remained steady at 4.2%.
Investor sentiment was further boosted by China's willingness to consider an invitation from the US for trade negotiations, as the Asian nation currently faces the highest import taxes, at 145%. Some analysts viewed the encouraging jobs data as a sign that fears of a recession could be alleviated; "There is nothing to complain about here," remarked Carl Weinberg, chief economist at High Frequency Economics. He noted that the data did not suggest the onset of a recession.
Seema Shah, chief global strategist at Principal Asset Management, echoed this optimism, suggesting that while economic conditions may weaken in the upcoming months, the US might still avoid recession if it steps back from the brink of further tariffs. However, caution remains, as other experts warn that it may take time to assess the comprehensive impact of Trump's tariffs. "The outlook remains very uncertain," stated Olu Sonola, head of US economic research at Fitch Ratings, indicating the complexity of the economic landscape despite the positive figures stemming from the jobs report.
**Trump tariffs**
**Stock markets**
**United States**
On Friday, all major US indices closed higher, with the S&P 500 and Nasdaq both increasing by 1.5%, while the Dow Jones Industrial Average saw a 1.4% rise. Notably, the technology sector led the charge, with tech giants Microsoft and Nvidia both surging over 2%. The positivity came on the heels of the Department of Labor's announcement that US employers created 177,000 new jobs in April, surpassing analyst expectations despite reflecting a slowdown in hiring compared to previous months. Additionally, the unemployment rate remained steady at 4.2%.
Investor sentiment was further boosted by China's willingness to consider an invitation from the US for trade negotiations, as the Asian nation currently faces the highest import taxes, at 145%. Some analysts viewed the encouraging jobs data as a sign that fears of a recession could be alleviated; "There is nothing to complain about here," remarked Carl Weinberg, chief economist at High Frequency Economics. He noted that the data did not suggest the onset of a recession.
Seema Shah, chief global strategist at Principal Asset Management, echoed this optimism, suggesting that while economic conditions may weaken in the upcoming months, the US might still avoid recession if it steps back from the brink of further tariffs. However, caution remains, as other experts warn that it may take time to assess the comprehensive impact of Trump's tariffs. "The outlook remains very uncertain," stated Olu Sonola, head of US economic research at Fitch Ratings, indicating the complexity of the economic landscape despite the positive figures stemming from the jobs report.
**Trump tariffs**
**Stock markets**
**United States**
