April 16, 2024
Dow ends up more than 500 points, U.S. stocks snap 4-day losing streak after jobs report, Apple earnings

Dow ends up more than 500 points, U.S. stocks snap 4-day losing streak after jobs report, Apple earnings

U.S. stocks closed sharply higher Friday, with all three major benchmarks snapping four straight days of losses, after strong jobs data for April, Apple Inc.’s better-than-forecast earnings report and a rebound in shares of regional banks.

How stocks traded

For the week, the Dow fell 1.2%, the S&P 500 declined 0.8% and the Nasdaq edged up 0.1%, according to Dow Jones Market Data.

What drove markets

U.S….

Source

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