US EditionWall Street stocks buoyed by strong economic data, possible US-China trade talks
- On May 2, 2025, Wall Street stocks rose, with the S&P 500, Nasdaq, and Dow Jones hitting one-month highs in New York trading.
- This rally followed a strong April jobs report showing 177,000 new jobs added and a steady 4.2% unemployment rate, alongside Beijing considering a US proposal for trade talks amid tariff tensions.
- Despite a Commerce Department report showing the US economy's first GDP contraction in three years, analysts highlighted resilient labor data and cautious optimism about avoiding recession if tariffs are eased.
- Economist Carl Weinberg expressed confidence in the current data, indicating no signs of an impending recession, while Thomas Hayes remarked that the economy has proven to be more robust and resistant than many anticipated despite concerns surrounding tariffs.
- The gains suggest improving market confidence fueled by robust employment data and possible progress in US-China trade relations, though uncertainty about economic outlook remains.
21 Articles
21 Articles
US stocks finish higher extending rally
NEW YORK, United States — Wall Street stocks concluded a strong week on a winning note Friday, notching solid gains on good US jobs data and improving sentiment about US-China trade talks. The world’s largest economy added 177,000 jobs last month, down slightly from the level in March but above analyst expectations. READ: US hiring better than expected despite Trump uncertainty Meanwhile, China said it is evaluating a US offer for negotiations o…
Wall Street rallies on strong economic data, possible U.S.-China talks | Honolulu Star-Advertiser
NEW YORK >> Wall Street stocks advanced today, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the U.S. and China.
Wall Street stocks buoyed by strong economic data, possible US-China trade talks
NEW YORK: Wall Street stocks advanced on Friday (May 2), notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the US and China.
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