Dow Jones Today: Jobs Beat Keeps Wall Street Rally Alive, But Fed Problem Grows
The Dow Jones slipped 0.03% to 49,584.21 late Friday morning, lagging the S&P 500 and Nasdaq after April nonfarm payrolls rose by 115,000 and unemployment held at 4.3%. Strong hiring dampened hopes for a Federal Reserve rate cut. Nasdaq tech shares, including Nvidia and Apple, gained over 2%. The University of Michigan’s May sentiment index fell to 48.2 as consumers cited high gasoline prices and tariffs.