{"id":296588,"date":"2025-05-03T09:25:16","date_gmt":"2025-05-03T09:25:16","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/05\/03\/wall-street-stocks-bounce-back-from-trump-tariff-losses\/"},"modified":"2025-05-03T09:25:16","modified_gmt":"2025-05-03T09:25:16","slug":"wall-street-stocks-bounce-back-from-trump-tariff-losses","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/05\/03\/wall-street-stocks-bounce-back-from-trump-tariff-losses\/","title":{"rendered":"Wall Street stocks bounce back from Trump tariff losses"},"content":{"rendered":"
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Wall Street has clawed back losses incurred after President Donald Trump imposed global tariffs a month ago, capping the longest winning streak in two decades for US stocks.<\/p>\n

Shares saw gains for the ninth day in a row for the first time since 2004 after a better-than-expected jobs report and rising hope of US-China trade talks.<\/p>\n

Major US indexes were all up when the market closed on Friday – the S&P 500 and Nasdaq had both risen 1.5% while the Dow Jones Industrial Average increased 1.4%.<\/p>\n

The tech sector made the biggest gains, with Microsoft and Nvidia growing by more than 2%.<\/p>\n<\/div>\n

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It came as the Department of Labor said on Friday that US employers had added 177,000 new jobs in April.<\/p>\n

The report outpaced analysts’ predictions, although it was still a slowdown in hiring from the month beforehand. Meanwhile, the unemployment rate held steady at 4.2%.<\/p>\n

Another sign of encouragement for investors was Beijing’s announcement on Friday that it was considering an offer from Washington to hold trade talks with the US.<\/p>\n

At 145%, China faces the highest import taxes by far.<\/p>\n

For some analysts the jobs figures tamped down recession fears in the wake of commerce department data this week showing a contraction in the US economy for the first time in three years.<\/p>\n

“There is nothing to complain about here,” Carl Weinberg, chief economist at High Frequency Economics, said in a research note.<\/p>\n

“You cannot find any evidence of a nascent recession in these figures.”<\/p>\n

Seema Shah, chief global strategist at Principal Asset Management, also saw cause for optimism.<\/p>\n

“The economy will weaken in the coming months but, with this underlying momentum, the US has a decent chance of averting recession if it can step back from the tariff brink in time,” she said.<\/p>\n

But other experts said it would take time to see the full effect of Trump’s tariffs.<\/p>\n

While the jobs report is strong, “the outlook remains very uncertain,” Olu Sonola, head of US economic research at Fitch Ratings, told the BBC on Friday.<\/p>\n<\/div>\n


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Wall Street has clawed back losses incurred after President Donald Trump imposed global tariffs a month ago, capping the longest winning streak in two decades for US stocks. Shares saw gains for the ninth day in a row for the first time since 2004 after a better-than-expected jobs report and rising hope of US-China trade […]<\/p>\n","protected":false},"author":2,"featured_media":296589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/077a\/live\/e0def6f0-279e-11f0-a8fe-791177f62bc5.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[8762,485,6789,476,3487,52,1244],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/296588"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=296588"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/296588\/revisions"}],"predecessor-version":[{"id":296590,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/296588\/revisions\/296590"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/296589"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=296588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=296588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=296588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}