US Stocks Recover Losses Amid Tariff Rollout, Marking Longest Growth Streak in Two Decades

Market Indices Surge on Jobs Data and Trade Optimism

The S&P 500 and Nasdaq each rose 1.5%, while the Dow Jones Industrial Average climbed 1.4%, driven by a stronger-than-expected April jobs report and optimism over potential U.S.-China trade talks. The U.S. added 177,000 jobs in April, surpassing forecasts despite a slowdown from March. Unemployment remained steady at 4.2%.

Tech Sector Leads Gains as Analysts Highlight Economic Resilience

Technology companies, including Microsoft and Nvidia, surged over 2%. Analysts noted the economy’s underlying strength, with High Frequency Economics’ chief economist stating, “No evidence of a looming recession exists in current data.” Principal Asset Management’s global strategist added that while growth may slow, the U.S. could avoid a recession if trade tensions ease.

Caution Remains Over Long-Term Tariff Impacts

Some experts warned that the full effects of tariffs may take time to materialize. Fitch Ratings’ U.S. economic research head emphasized, “The outlook remains uncertain despite strong jobs data,” urging vigilance as markets navigate trade policy risks.