The stock market has rebounded to where it was before President Donald Trump unveiled a suite of tariffs on April 2 that prompted a historic selloff. The S&P 500 gained 1.5% on Friday to close the week at 5,687, slightly more than where it had been just before Trump announced his “Liberation Day” tariff plans. The tech-heavy Nasdaq jumped 1.5%, and the Dow Jones rose 1.4%. The gains are the ninth day in a row the S&P 500 has risen and capped a positive week for the three major stock indices.
The market upswing comes as the Bureau of Labor Statistics reported Friday that the U.S. added 177,000 jobs in April. That’s a drop from 185,000 jobs gained in March, but it beats the 135,000 predicted by economists polled by FactSet. The April job numbers, however, most likely don’t reflect the impact of the Trump tariffs, some of which have yet to go into effect in full force.
