Stocks attempted to rebound on Friday midday after a tumultuous week of trading, with investors closely analyzing the latest jobs report. The Dow surged by 206 points, marking a 0.5% increase, while the S&P 500 saw a gain of 0.8% and the Nasdaq Composite rose by 1%. Despite these positive movements, all three major indexes are still poised to finish the week in the red, following significant declines fueled by concerns that the Federal Reserve might delay interest rate cuts.
The CNN Fear & Greed Index, which evaluates seven market sentiment indicators, shifted from a 'neutral' reading to 'greed' at the previous close, indicating a shift in investor sentiment.
Treasury yields experienced an uptick after the release of new data revealing that the US economy added an impressive 303,000 jobs in March. The yield on the 10-year Treasury note climbed to 4.38% in response to this robust jobs report.
