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US Stocks Surge 1% on Strong Jobs Data, Nvidia Rises 2.2%

Coin WorldFriday, May 2, 2025 9:38 am ET

1min read

US stocks opened higher on May 2nd, with the S&P 500 index rising by 0.99%. The Dow Jones Industrial Average increased by 1.03%, while the Nasdaq Composite gained 0.9%. This upward movement was driven by the release of the Non-Farm Payrolls data, which exceeded expectations. The positive economic indicators boosted investor confidence, leading to a broad-based rally across major indices.

Among the notable performers, nvidia (NVDA.O) saw a significant increase of 2.2%. This surge was attributed to the company's reported adjustments to its AI chips in response to US export regulations. The tech giant's proactive measures to comply with regulatory changes likely reassured investors about its strategic adaptability.

Conversely, apple (AAPL.O) experienced a decline of 4%. This drop was linked to CEO tim Cook's statement that the company expects Trump's trade policies to impose an additional $9 billion in costs. The potential financial burden from trade policies weighed on investor sentiment, leading to a sell-off in Apple's shares.

The Nasdaq Golden Dragon Index, which tracks the performance of Chinese companies listed on US exchanges, also saw a notable increase of 2.6%. This rise reflected the broader market optimism and the positive impact of the Non-Farm Payrolls data on investor sentiment.

The overall market performance on May 2nd highlighted the influence of economic data and regulatory developments on stock prices. The positive Non-Farm Payrolls data provided a strong catalyst for the market rally, while company-specific news, such as Nvidia's regulatory adjustments and Apple's trade policy concerns, drove individual stock movements. The market's response underscored the importance of economic indicators and regulatory environments in shaping investor expectations and stock performance.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.