Wall Street and European markets finish week on a high after US jobs report
theguardian.comPublished: 5/2/2025
Summary
Markets on both continents saw a recovery after U.S. job growth in April outperformed expectations, offering hope that global economies can weather the effects of Trump's tariffs. The S&P 500, Dow Jones, and European indexes rose on Friday, with the FTSE 100 reaching its longest winning streak in months. Despite corrections from the BLS on prior job figures, April's gains pointed to a more resilient U.S. economy amid growing optimism about resolving trade tensions with China. However, challenges remain as Trump's tariffs have led to market fluctuations and ongoing corrections affecting past data.