Wall Street hung on the back losses suffered after President Donald Trump imposed world prices a month ago, capping the longest sequence of victories in two decades for American actions.
Actions have seen gains for the ninth consecutive day for the first time since 2004 after a better than expected job report and an increase in hope for American-chinois trade discussion.
The main American indices were all up when the market closed on Friday – the S&P 500 and the NASDAQ had both increased by 1.5% while the industrial average of Dow Jones increased by 1.4%.
The technological sector has produced the largest gains, Microsoft and Nvidia increasing by more than 2%.
He came then that the Ministry of Labor said on Friday that US employers had added 177,000 new jobs in April.
The report has exceeded the analysts’ forecasts, although it is always a slowdown in hiring since the month in advance. Meanwhile, the unemployment rate remained stable at 4.2%.
Another sign of encouragement for investors was on Friday was the announcement of Beijing that he was considering a Washington offer to organize trade discussions with the United States.
At 145%, China faces the highest high import taxes from afar.
For some analysts, the job figures have buffered fears of recession in the wake of data from the trade department this week showing a contraction in the American economy for the first time in three years.
“There is nothing to complain about here,” said Carl Weinberg, chief economist of High Frequency Economics, in a research note.
“You cannot find any evidence of an emerging recession in these figures.”
Seema Shah, a global global strategist for the management of main assets, has also experienced a cause of optimism.
“The economy will weaken in the coming months, but, with this underlying momentum, the United States has a decent chance of avoiding the recession if it can fall from the price in time,” she said.
But other experts said it would take time to see the full effect of Trump’s prices.
Although the job report is solid, “the prospects are very uncertain,” Oli Sonola, head of American economic research on Fitch Ratings on Friday.
