U.S. Stocks Strongly Rebound: Non-Farm Data Boosts Market, Trade Tensions Ease!
The U.S. stock market strongly rebounded, with all three major indices rising. The S&P 500 index has set a record for the longest winning streak in 20 years, marking its ninth consecutive trading day of gains. The main driving forces come from two aspects: non-farm employment data exceeded expectations, alleviating concerns about economic slowdown; signs of easing in U.S.-China trade relations have boosted market confidence.
According to data from the U.S. Bureau of Labor Statistics (BLS), non-farm employment increased by 177,000 in April, far exceeding the expected 138,000, while the unemployment rate remained stable at 4.2%. At the same time, the Chinese Ministry of Commerce is considering resuming trade negotiations with the U.S., which is seen as a positive signal.
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