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US Stocks Rally on Earnings and Economic Data
Market Recap: US Stocks Rally on Strong Earnings & NFP; USD Volatile Amid Tariff TalksU.S. stock markets ended the week higher thanks to upbeat earnings reports and a stronger-than-expected April NFP (+177K jobs), easing fears of a near-term slowdown. Hopes for renewed US-China trade talks—tied to potential tariff rollbacks—further lifted sentiment.
S&P 500: +2.92% | Dow: +3.00% | Nasdaq: +3.42%Tech led gains (Meta, Microsoft), while Apple and Amazon lagged due to cautious outlooks.In forex, the USD fluctuated—initially soft on trade concerns, but firmed midweek on strong inflation data and robust NFP, dialing back expectations for a Fed rate cut.
USD/JPY: +0.92% | EUR/USD: -0.56% | DXY: +0.45%GBP outperformed on improved UK data.Gold slipped (-2.36%) as yields and the dollar rose. Crude oil saw sharp declines (WTI -7.68%) amid mixed headlines: new Iran sanctions vs. possible OPEC+ supply hikes.
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