
Wall Street stocks bounce back from Trump tariff losses
created: May 2, 2025, 10:49 p.m. | updated: May 4, 2025, 12:42 p.m.
Wall Street stocks bounce back from Trump tariff lossesThe tech sector made the biggest gains, with Microsoft and Nvidia growing by more than 2%.
Shares saw gains for the ninth day in a row for the first time since 2004 after a better-than-expected jobs report and rising hope of US-China trade talks.
Wall Street has clawed back losses incurred after President Donald Trump imposed global tariffs a month ago, capping the longest winning streak in two decades for US stocks.
It came as the Department of Labor said on Friday that US employers had added 177,000 new jobs in April.
While the jobs report is strong, "the outlook remains very uncertain," Olu Sonola, head of US economic research at Fitch Ratings, told the BBC on Friday.
1 month, 2 weeks ago: BBC News