Welcome to today’s podcast, where we explore the latest movements in the stock market. U.S. stocks saw significant gains on Friday, with the S&P 500 on track for its first nine-day winning streak in nearly two decades. This optimistic momentum comes as China expresses willingness to engage in trade talks, signaling a potential easing of tensions.

The Dow rose by 530 points, or 1.3%, while the S&P 500 climbed 1.43%. A stronger-than-expected jobs report revealed the economy added 177,000 jobs in April, exceeding forecasts. Chris Zaccarelli from Northlight Asset Management noted, "Markets breathed a sigh of relief this morning as the jobs data came in better than expected."

While concerns about recession linger, the strong employment figures provide some breathing room for leaders to address trade issues, according to David Russell from market strategy firm. As we look ahead, Wall Street remains focused on the evolving trade landscape and upcoming economic indicators.

Big tech also contributed to the rally, with strong earnings from Meta and Microsoft boosting investor confidence. However, Apple faced challenges due to potential tariffs.

If the S&P 500 closes higher again on Monday, it will mark its first 10-day winning streak since 1974—a remarkable feat. Keep an eye on these developments as we continue to navigate this dynamic market landscape. Thank you for tuning in!
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