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  • Markets erase April losses as jobs report fuels stock gains

    05/02/2025 7:14:02 PM PDT · by E. Pluribus Unum · 36 replies
    The Washington Post ^ | May 2, 2025 5:47 PM ET | Hannah Ziegler
    The stock market rallied Friday after a stronger-than-expected jobs report eased concerns that President Donald Trump’s sweeping tariffs could tank the U.S. economy, with the S&P 500 and Dow Jones Industrial Average extending their winning streaks to nine days.The S&P 500 closed at 5,686.67 — up about 1.5 percent for the day — and has now recovered all the ground it had lost since April 2, when Trump announced plans for sweeping tariffs. The Dow jumped more than 500 points to close 1.4 percent higher. The tech-heavy Nasdaq composite index gained 1.5 percent.Friday’s strong jobs report boosted Wall Street’s confidence...