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S&P 500 bounces Friday after strong jobs report but heads for losing week

Friday, 5 April 2024 23:12 WIB Standard & Poor's 500 Saham AS

Stocks rebounded Friday following the Dow Jones Industrial Average’s worst session in more than a year as traders cheered a stronger-than-expected jobs report and looked past a jump in rates. The S&P 500 gained 0.8%, while the 30-stock Dow climbed 185 points, or 0.5%. The tech-heavy Nasdaq Composite advanced 0.9%. Despite Friday’s rebound, all three still headed for a losing week. Treasury yields jumped following the report showing that job growth totaled 303,000 in March. Nonfarm payrolls were expected to increase by 200,000, according to Dow Jones estimates. Wages rose 0.3% for the month and 4.1% from a year ago, both in line with estimates. Investors are torn between wanting a...

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