US Stocks Surge on Favorable Jobs Data, Aiming for 20-Year Winning Streak

The US stock market experienced a rally Friday fueled by strong hiring data that eased recession fears, pushing the S&P 500 closer to a historic winning streak. The index surged 1.5% on Friday, bringing it within reach of its longest run of gains since November 2004. This surge followed a jump in the Dow Jones Industrial Average (DJIA) by 552 points and an increase of 1.7% for the Nasdaq. The market’s rebound erased losses accumulated since April 2nd when President Trump reintroduced tariffs, signaling potential shifts in trade relations.