FX.co ★ Wall Street Rallies on Strong US Jobs Data

U.S. stocks experienced a notable uptick on Friday, with all three major indices registering gains exceeding 1%. This surge was fueled by a jobs report that offered investors some reassurance regarding the robustness of the U.S. economy. The latest figures revealed an addition of 137,000 jobs in the past month, modestly surpassing expectations. Despite the downward revision of data from the preceding two months, the overall trend remained positive. The unemployment rate maintained its position at 4.2%, aligning with forecasts, while the average hourly earnings grew by 0.4%, surpassing the anticipated 0.3% rise. In individual stock news, Tesla saw a rebound of over 2%, recovering from a 14% decline the previous day as tensions between President Trump and Elon Musk seemed to subside.