US stocks wipe out steep losses that followed Trump’s ‘liberation day’

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Financial Times 22h ago

US stocks wipe out steep losses that followed Trump’s ‘liberation day’ - Financial Times

Quick Summary:

Friday’s advance was the ninth consecutive daily gain for the S&P 500, the longest winning streak since 2004, and ranking among its longest on record, according to Financial Times analysis.

The 177,000 jobs added in April, according to the Bureau of Labor Statistics, surpassed the 135,000 predicted by economists polled by Bloomberg, although the number marked a fall from March.

Traders continue to forecast at least three interest rate cuts this year, but the likelihood of a fourth halved to about 30 per cent from around 60 per cent before the jobs figures.