FX.co ★ US Stocks Jump After Jobs Report

U.S. stock futures registered a solid uptick on Friday, bolstered by a robust jobs report that eased fears of a potential recession this year. Futures linked to the three major U.S. equity indices increased by approximately 1%, with the S&P 500 and the Dow Jones Industrial Average poised for nine consecutive sessions of gains. In April, the U.S. economy added 177,000 jobs, surpassing economists' expectations of 130,000. The unemployment rate held steady, and wage growth aligned closely with forecasts. Contributing further to the positive momentum, China announced it might initiate discussions with the White House regarding potential trade agreements. The stock market saw widespread gains across numerous sectors. However, Apple futures fell by 3% following the company's warning that tariffs could impact its earnings this year, while Amazon shares declined 2% after issuing a weaker-than-anticipated forecast.