"Stocks Surge on Strong Jobs Data, Tech Sector Leads the Way"
TL;DR Summary
Wall Street's main stock indexes rose after stronger-than-expected March jobs data, with nonfarm payrolls increasing by 303,000 jobs and the unemployment rate at 3.8%. The positive data suggested resilience in the labor market, leading to a potential delay in Federal Reserve interest rate cuts. Despite the market's reaction, all three major stock indexes were set for weekly losses due to mixed economic data and hawkish comments from Fed officials.
- Wall Street advances after nonfarm payrolls data Reuters
- S&P 500 bounces Friday after strong jobs report, but heads for losing week: Live updates CNBC
- Stock Market Heads Higher After Robust Jobs Data; Tech Rally Led By Amazon, AMD, Netflix Investor's Business Daily
- Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts The Associated Press
- Stock market today: Stocks edge up after jobs report shows more strength Yahoo Finance
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