U.S. stock markets closed higher on Friday, May 2, 2025, extending their rally fueled by encouraging economic data and renewed optimism surrounding U.S.-China trade talks. All three major indices posted impressive gains, with investors celebrating a positive economic outlook despite ongoing challenges.
- Dow Jones Industrial Average (DJIA) rose by 1.4%, or 564.47 points, ending the day at 41,317.43. This marks the longest winning streak for the Dow since December 2023.
- S&P 500 climbed 1.5%, or 82.54 points, to finish at 5,686.68. Every sector posted gains, with notable strength in financials, industrials, materials, and technology.
- Nasdaq Composite surged 1.5%, or 266.99 points, closing at 17,977.73. The rally was driven by robust labor market data and optimism over potential progress in the U.S.-China trade negotiations.
The positive economic indicators, along with investor hopes for a breakthrough in trade discussions, contributed to the market’s strong performance. Market participants are now closely watching upcoming speeches from Federal Reserve officials, which could further influence market sentiment.
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