Tag
#jobs report
Markets
S&P 500 and Nasdaq hit records as chipmakers surge, jobs beat
The S&P 500 closed at a record 7,398.93 and the Nasdaq at an all-time high of 26,247.08 on Friday, extending both indices' winning streak to six weeks as an AI chip rally and a stronger-than-expected April jobs report powered the advance.
By Avery Lin
Economy
US employers add 115,000 jobs in April, topping 65,000 consensus estimate
US employers added 115,000 jobs in April, well above the 65,000 consensus estimate, the Labor Department reported Friday. The unemployment rate held at 4.3 per cent even as the labor force participation rate slipped to its lowest since October 2021.
By Helena Brandt
