BTCC
/
BTCC Square
/
Global Cryptocurrency
/
S&P 500 Extends Winning Streak Amid Recession Reassessment
S&P 500 Extends Winning Streak Amid Recession Reassessment
9
2
U.S. equities extended their rally as traders recalibrated recession expectations, with the S&P 500 poised for its longest winning streak since 2004. The benchmark index climbed 1.47% to 5,686.80, marking an eighth consecutive advance. A stronger-than-anticipated jobs report served as the catalyst, with April nonfarm payrolls adding 177,000 positions versus the 133,000 Dow Jones estimate.
Tech shares mirrored the broad market enthusiasm, propelling the Nasdaq Composite 1.56% higher to 17,987.89. The Dow Jones Industrial Average outperformed with a 1.48% gain, adding 601 points to close at 41,354.53. Market participants appear to be pricing in a soft landing scenario as economic data continues to defy doomsday predictions.
By:
Previous
TON Station Daily Combo Promotes SOON Points Rewards for May 3, 2025
Next
Hedera HBAR Stalls in Tight Range as BBTrend Signals Potential Downturn
