WMB - Investor Optimism Improves Slightly Following Jobs Data; Dow Jumps 450 Points | Benzinga
The CNN Money Fear and Greed index showed slight improvement in the overall market sentiment, while the index remained in the “Fear” zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index surging 450 points following the release of jobs data.
U.S. employers added 175,000 nonfarm payrolls in April, marking a reduction from the upwardly revised 315,000 reading in March and missing the expected 238,000, the Bureau of Labor Statistics said Friday. The unemployment rate went from 3.8% to 3.9%, more than the expected 3.8%. Average hourly earnings edged down from 4.1% to 3.9% compared to April 2023, falling more than the expected dip to 4%.