FX.co ★ S&P 500, Nasdaq, Set for 9-Session Rally

US stocks rose decisively on Friday, driven by indications of a robust labor market, which eased fears of a recession in the current year. The S&P 500, Dow Jones Industrial Average, and Nasdaq 100 all climbed by more than 1%, with the S&P 500 and Dow set to achieve a nine-day winning streak. In April, the US added 177,000 jobs, surpassing expectations of 130,000, while the unemployment rate remained stable and wage growth aligned reasonably with forecasts. This positive momentum was further bolstered by China's announcement of potential trade discussions with the White House. The gains were widespread across most stock market sectors. On the earnings front, Exxon Mobil and Chevron each saw their stocks rise nearly 2% following their earnings reports. However, Apple declined by 5% after highlighting that tariffs would impact its earnings this year, while Amazon decreased by 1% due to weaker-than-anticipated guidance.