US stocks rallied on Friday, wiping out the steep losses that followed Donald Trump’s “liberation day” tariff announcement a month ago, after labour market data exceeded expectations.
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.
The S&P 500 jumped 1.5 per cent on Friday, bringing it above the closing level from April 2, when Trump unveiled his “reciprocal tariffs”.
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