US Equities Markets End Higher Friday as US Adds More Jobs Than Expected

MT Newswires Live
13 hours ago

US benchmark equity indexes ended higher Friday after official data showed the economy added more jobs than expected in April, while China indicated it's open to trade talks with the Trump administration.

* The US economy added 177,000 nonfarm jobs last month, the Bureau of Labor Statistics reported. The consensus was for a 138,000 increase in a survey compiled by Bloomberg. The unemployment rate was steady at 4.2% in April, in line with the market view.

"Some of the underlying details of the April employment report were softer than the headlines, but overall, the data were strong enough to allow the Federal Reserve to remain on the sidelines as it monitors the impact of tariffs on inflation and inflation expectations," Oxford Economics said.

* China said Friday it is evaluating approaches made by US officials to kick off negotiations on tariffs.

"If we fight, we will fight to the end; if we talk, the door is open," Yahoo Finance reported, citing a statement from China's commerce ministry.

* June West Texas Intermediate crude oil closed down $0.81 to settle at $58.45 per barrel, while July Brent crude, the global benchmark, was last seen down $0.65 to $61.48 despite signs of cooling trade tensions between the United States and China as supply is on the rise, with OPEC+ adding new barrels to the market as it winds down 2.2-million barrels per day of voluntary production cuts.

* DexCom (DXCM) shares jumped 16%. The company late Thursday maintained its full-year revenue guidance after delivering a Q1 sales beat.

* Apple (AAPL) shares were down nearly 4%. Chief Executive Tim Cook said late Thursday that it's "very difficult" to predict the impact of tariffs beyond June. The iPhone maker posted better-than-expected fiscal Q2 results.

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