U.S. April non-farm payrolls significantly exceeded expectations, and the three major U.S. stock indices opened higher, with popular Chinese concept stocks rising broadly

Wallstreetcn
2025.05.02 13:30

The U.S. non-farm payrolls in April significantly exceeded expectations, the unemployment rate remained stable, the Nasdaq rose 0.89% in early trading, the S&P 500 index rose 0.98%, and the Dow Jones index rose 1.03%. Nvidia rose over 2%; Apple fell over 3%, with earnings barely exceeding expectations, announcing a $100 billion buyback, but tariffs will lead to a $900 million increase in costs; Amazon rose 0.88%, with Q1 profit margins reaching a new high, but profit guidance was disappointing, warning of tariff impacts; most popular Chinese concept stocks rose, with Alibaba up over 4% and Pinduoduo up over 3%