The US stock market surged due to strong non-farm data and signs of easing in US-China trade relations, with the S&P 500 index setting the longest winning streak in over 20 years, and Bitcoin rising to nearly $98,000. (Background: Bitcoin surged to $97,000, technical analysts call for a parabolic revival, on-chain analysts estimate BTC could reach $175,000) (Additional context: Coca-Cola's stock price hits a new high against the trend! Can learning from Buffett shield your investments from economic downturns?) The US stock market experienced significant gains on Friday (the 2nd), with all three major indices rising, particularly the S&P 500 index, which closed higher for the ninth consecutive trading day, setting the longest winning streak in over 20 years. Behind this surge are two key driving forces: one is the better-than-expected non-farm payroll report, which alleviated concerns about a potential slowdown in the economy; the other is the emerging signs of easing in US-China trade relations, boosting market optimism. Non-farm payrolls exceed expectations, unemployment rate steady According to the latest data from the US Bureau of Labor Statistics (BLS), the non-farm payrolls in April increased by 177,000, significantly higher than the market expectation of 138,000. Although this figure is slightly lower than the revised 185,000 in March, it remains strong. This report effectively eased market concerns about a rapid deterioration in the US economy, thereby boosting investors' risk appetite. Looking closely at the data, the unemployment rate remained low at 4.2%, while average hourly earnings increased by 0.2% month-over-month, with a year-over-year growth rate of 3.8%. These figures together depict a resilient labor market. Easing of US-China trade tensions In addition to the favorable economic data, signs of easing in US-China trade relations have also injected optimism into the market. The Chinese Ministry of Commerce stated yesterday that Beijing is evaluating the possibility of restarting trade negotiations with the US, while emphasizing that the US needs to show sincerity, especially in being prepared to address key issues such as lifting unilateral tariffs. Meanwhile, a report from the Wall Street Journal indicated that China is considering taking action to address the fentanyl crisis raised by the US, which is seen as a positive signal that could pave the way for the resumption of trade talks. All four indices rise Stimulated by the above positive news, all four major US stock indices rose on Friday: The Dow Jones Industrial Average rose by 564.47 points, an increase of 1.39%, closing at 41,317.43 points. The Nasdaq Composite rose by 266.99 points, an increase of 1.51%, closing at 17,977.73 points. The S&P 500 index rose by 82.53 points, an increase of 1.47%, closing at 5,686.67 points. The Philadelphia Semiconductor Index performed particularly well, rising by 149.39 points, an increase of 3.52%, closing at 4,397.05 points. Among them, all 11 sectors of the S&P 500 index showed a broad rise, with communication services stocks leading with a 2.31% increase, followed closely by financial stocks, which rose by 2.15%, collectively becoming the main driving force in the market. In terms of individual stocks, most technology stocks showed strong performance; however, Apple fell by 3.74% due to the forward-looking impact of tariff costs after its earnings report, and Amazon also saw a slight decline of 0.12% due to disappointing financial forecasts and slowing growth in its cloud business. In addition, Taiwan's ADRs generally rose, with TSMC's ADR increasing by 3.80%. Bitcoin briefly approached $98,000 As US stocks opened higher last night, Bitcoin also strengthened simultaneously. According to Binance's spot data, after the employment data was released, Bitcoin rose from $96,500, reaching a high of $97,895 at 10:45 PM. However, selling pressure emerged afterward, and before the deadline, it had fallen back to $96,484, down 0.38% in nearly 24 hours. Related reports Bitcoin breaks through $96,000, will the consolidation end and explode? Traders closely watch tomorrow's US non-farm employment data US stocks plummeted nearly to a circuit breaker! Non-farm payrolls surged by 228,000, exceeding expectations, with Bitcoin soaring past $84,000 as a safe haven? US non-farm data is coming tonight! Analysis: Bitcoin is severely oversold, a weak labor market may lead to a rebound in cryptocurrencies "US April non-farm data exceeds expectations! Bitcoin approaches $98,000, and S&P sets a 20-year record with nine consecutive gains" This article was first published on BlockTempo (the most influential blockchain news media).

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