Wall Street stock indices edged higher on Friday on stronger-than-expected jobs data and easing trade tensions.
At 12:58 PM EDT, the S&P 500 gained 1.58%, the Dow Jones Industrial Average rose 1.49%, the Nasdaq Composite surged 1.76%.
At 11:31 AM EDT, the S&P 500 gained 1.04%, the Dow Jones Industrial Average rose 0.81%, the Nasdaq Composite rose 1.26%.
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 414.53 points, or 1.02%, to 41,167.49, the S&P 500 gained 54.59 points, or 0.97%, to 5,658.73 and the Nasdaq Composite gained 159.60 points, or 0.87%, to 17,864.97.
A labor department report showed 177,000 jobs were added last month, down slightly from March but above analyst expectations.
The jobs data indicate that the employment market in April remained relatively solid in spite of the volatility associated with President Donald Trump’s tariff actions.
In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.22% late on Thursday.
Gainers and Losers
Apple shares dropped 4.6% despite the iPhone maker reporting better than expected quarterly earnings, but it warned of a $900 million hit in the current quarter due to tariffs.
Amazon stock fell 1.1% after the e-commerce giant reported a 9% rise in first quarter revenue but projected lower than anticipated revenues amid tariffs.
Take-Two Interactive sank 6.7% in opening trading on Friday as the company pushed back release of Grand Theft Auto VI, the latest instalment of the popular video game series.
JPMorgan Chase rose 1.3% and Visa jumped 1.8%.
Block shares slumped more than 22% after the company cut its profit forecast for 2025.
Airbnb stock lost 2.2% after the vacation rental platform forecast second quarter revenue below estimates.
Bullion
Gold prices rose on Friday amid easing trade tensions.
Spot gold was up 0.5% at $3,255.01 an ounce as of 9:41 AM ET (1341 GMT).
US gold futures gained 1.3% to $3,262.10.
Spot silver edged lower 0.1% to $32.35 an ounce, platinum rose 1% to $967.70, and palladium gained 0.9% to $949.00.
Crude oil
Oil prices slumped on Friday as OPEC pulled forward a meeting to weigh further production increases.
West Texas Intermediate futures slipped about 1% to trade below $59 a barrel, down about 7% this week.
