Market Midday: Stocks Rally, Unemployment Rate Holds Steady At 4.2%, Mortgage Rates Go Up 5/2/25
CNBC Business News Update
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Positive Jobs Report Sparks Wall Street Rally
This chapter explores a major rally on Wall Street sparked by a positive April jobs report, contributing to the S&P 500's best performance since 2020. It highlights significant gains in the Dow Jones and NVIDIA shares, while analyzing job growth across sectors like healthcare and travel, along with a cautious perspective on future sustainability.
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