Equities Rose on US Jobs Surprise as Treasuries Declined – US Market Wrap

Wall Street traders pushed equities higher as statistics showed the US labor force is holding up despite fears about the risks posed by Trump’s tariff conflict. Bonds fell. The dollar climbed.

Just days before the US payrolls data, an unexpected spike in job openings boosted optimism. Tech titans drove the S&P 500’s rebound, with Nvidia rising over 3%. Energy stocks joined the surge in oil. Earlier equities losses were spurred by a downgrade in the OECD’s growth estimates, which stated hostile trade policies had thrown the global economy into a slowdown.

The increase in job vacancies supported the Federal Reserve’s conclusion that the labour market is in good shape. While some analysts predict a more significant deterioration in the coming months as a result of tariffs, the data has yet to indicate this, backing regulators’ decision to hold interest rates constant.

According to the White House, the Office of the United States Trade Representative has sent letters to trading partners reminding them of an imminent negotiation deadline. Commerce Secretary Howard Lutnick said he is “extremely positive” about the possibilities for a US-India trade deal.