logo

S&P 500 climbs toward historic streak as jobs data, China talks boost sentiment

By: cryptosheadlines|2025/05/03 05:00:04
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com U.S. stocks rallied Friday as better-than-expected job growth and fresh signals from China about trade negotiations helped investors shake off recent concerns around tariffs. The S&P 500 extended its winning streak to nine days, which is the longest in 20 years.The S&P 500 rose 1.47%, marking its ninth straight day of gains—its longest winning streak since November 2004. The Dow Jones Industrial Average gained 1.39%, or more than 570 points, and the Nasdaq Composite climbed 1.51%.Markets responded positively to the Labor Department’s April employment report, which showed the U.S. added 177,000 nonfarm payrolls, well above economists’ forecasts of around 135,000. The unemployment rate held steady at 4.2%, suggesting continued resilience in the labor market despite recent economic headwinds. China’s willingness to talk Investor sentiment was further buoyed by a potential thaw in U.S.-China trade relations. China’s Commerce Ministry said it is evaluating recent proposals from the U.S. and signaled a willingness to start formal talks if the U.S. rolls back new tariffs. Beijing’s openness was seen as a shift in tone following President Trump’s April 2 “Liberation Day” tariff announcements.The upbeat jobs data and positive trade signals helped offset concerns sparked by recent Big Tech earnings. Apple shares dropped nearly 5% after warning that tariffs could cost the company $900 million this quarter. Amazon shares were flat after issuing guidance that fell below analyst expectations.Despite Friday’s optimism, investor caution remains. Market participants are closely watching for clarity on interest rates, with traders dialing back expectations for a June Fed cut. Treasury yields rose, and the dollar slipped slightly as markets recalibrated. Source link

You may also like

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Popular coins

Latest Crypto News

Read more