Stocks saw a significant uptick on Friday following a less-than-expected April jobs report, fueling optimism that the Federal Reserve may consider reducing interest rates in the near future.
The Dow Jones Industrial Average rose by 420 points, representing a 1.1% increase. Likewise, the S&P 500 experienced a surge of 1.1%, and the Nasdaq Composite saw a strong rally of 2%.
These positive movements on Friday indicate that all major stock market indices are on track to end the week on a high note. The Dow and Nasdaq have seen gains of 1.1% and 1.4%, respectively, while the S&P has climbed by 0.5%.
Source (CNBC)
