Image: BWFAU.S. Stock Markets Hit Record Highs Driven by Tech Rally and Strong Jobs Data
⢠U.S. stocks surged last week with the S&P 500 and NASDAQ reaching new record highs, supported by stronger-than-expected April jobs data and solid tech earnings. ⢠The S&P 500 climbed 10.42% in April to close at a record 7,209.01, while the Nasdaq 100 rallied 15.64% and Dow gained 7.14%, led by mega-cap tech and AI enthusiasm. ⢠Employment growth exceeded forecasts in April with unemployment steady at 4.3%, while Q1 earnings for the Magnificent Seven are projected to grow 45.7% year-over-year.
bwfa.com